Key information

🔎 Fund Overview

Danimer Scientific, Inc. is a performance polymer company. The Company specializes in bioplastic replacements for traditional petroleum-based plastics. It is a producer of polyhydroxyalkanoate (PHA), a biodegradable ingredient in a range of engineered materials that are plastic alternatives, which the Company sells under the Nodax brand name. It harvests the PHA from the bacteria, then purify and filter the bioplastic before forming the PHA into pellets. Its PHA is a naturally occurring bioplastic that effectively biodegrades in both anaerobic environments, such as a waste treatment facility, and aerobic environments. Its polylactic acid (PLA) is made from dextrose derived from corn, sugar beets and sugar cane. The Company markets its products to consumer packaging brand owners, converters and manufacturers in the plastics industry. Applications for its biopolymers include additives, aqueous coatings, fibers, filaments, films, thermoforming, and injection-molded articles.