Symphony Environmental Technologies Plc (LON: SYM), the global specialist in biodegradable and anti-microbial technologies which make plastics and rubber smarter, safer and sustainable, has reported that the Mexican Ministry for the Economy (Secretaría de Economía) has published a new Mexican Technical Standard in the Federal Gazette (Diario Oficial de la Federación) (the “Technical Standard”) with positive commercial implications for Symphony’s d2w biodegradable technology (the “Technology”) in Mexico and the Latin America region.
This Technical Standard is similar to ASTM D6954 (a US standard for exposing and testing plastics that degrade in the environment by a combination of oxidation and biodegradation) and acknowledges and validates the technology including Symphony’s d2w masterbatch for the accelerated biodegradation of plastic if it gets into the open environment as litter. Mexico now joins other countries with a similar standard in Latin America including Peru, Costa Rica, Ecuador and The Dominican Republic, as well as the UK, France and Sweden in Europe. Also, the United Arab Emirates and Saudi Arabia in the Middle East, where compliance with their similar standards are compulsory for a wide range of plastic products made in or imported into, those countries.
The Technical Standard will come into effect on 29 October 2022 and marks another positive regulatory outcome in Latin America for Symphony’s d2w biodegradable technology and further vindicates Symphony’s long-term investment in advocacy in Mexico and Latin America, where it continues its transparent and technically-led engagement with customers and legislators.
Michael Laurier, CEO of Symphony Environmental, said: “Mexico is a key market for Symphony, and we are pleased to see that the Mexican Government has issued the correct standard for testing and certifying our d2w biodegradable technology. We are confident that this new Technical Standard will provide plastic packaging converters and end users with additional reassurance, as they will be using a technology that is fully compliant with the Mexican Standard for biodegradation in the open environment.
We also believe that this new Mexican Standard will help create further momentum for d2w’s commercial growth in Mexico and in Latin America and shows official acceptance of d2w technology, which turns ordinary plastics into biodegradable materials.”