Symphony Environmental Technologies (AIM:SYM) told investors that Colombian manufacturer Monplast has received a positive written response from the country's Ministry of Environment and Sustainable Development regarding polyethylene bags made with the London-listed company's d2w biodegradable technology.
The British group, which makes masterbatch additives designed to enhance the environmental performance of plastics, said Monplast submitted Intertek certification, from an ISO 17025-accredited laboratory, of polyethylene products containing the d2w masterbatch.
The Ministry acknowledged the submission supports the proof of biodegradability required under Article 34 of Colombia's Law 2232 of 2022 and the biodegradation-time and substances-of-concern requirements of Article 19 of Resolution 0803 of 2024.
It is the third such positive Ministry response Symphony has secured in Colombia, following announcements on 22 September and 5 October covering polypropylene drinking straws made by Promociones Fantasticas S.A.S. and polyethylene films and bags made by E.H.G. Color Plast S.A.S.
"This further response from the Colombian Ministry is encouraging because it is now the third positive response involving products made with d2w technology in polyethylene and polypropylene," said chief executive Michael Laurier, adding that the company's focus is now "on working with our partners to convert this progress into substantial commercial use and increased sales."
In the statement, Symphony noted that the Ministry does not issue certificates but has recommended Monplast retain its supporting documentation, inform commercial customers and present the evidence if monitoring authorities request it.