19th Aug 2020 11:33
(Alliance News) -Â Biome Technologies PLC on Wednesday said its Bioplastics division has received an order worth USD550,000 for its compostable bioplastic for coffee pods.
Biome said the order, from an existing "major" client operating in the US packaging market, is the largest single order to date for its heat-stable and compostable bioplastic for coffee pod applications, which was first commercialised in 2019.
Deliveries under the order are set to be completed in the next two months.
"We believe that there is significant commercial potential for this coffee pod material, as brands in the hot beverage sector move to bio-based and compostable solutions to transform the sustainability of their products," said Chief Executive Paul Mines.
Shares in Biome were up 3.4% at 196.40 pence in London on Wednesday.
By Lucy Heming;Â [email protected]
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