From the Wires
EcoSynthetix Announces Contract with Glatfelter to Supply EcoSphere® biolatex® Binders
By: PR Newswire
Dec. 17, 2012 07:00 AM
BURLINGTON, ON, Dec. 17, 2012 /PRNewswire/ - EcoSynthetix Inc. (TSX: ECO), a renewable chemicals company that produces a family of commercially proven bio-based products, today announced that P. H. Glatfelter (Glatfelter) (NYSE:GLT) has signed a long term agreement to use EcoSphere® biolatex® binders at its mills in Spring Grove, Pennsylvania, and Chillicothe, Ohio. Glatfelter will be using the biolatex binders in both mill locations for improved coating formulations and to further improve its environmental footprint. Glatfelter is a global manufacturer of specialty papers and fiber-based engineered materials including NatureSolv™ technology that utilizes naturally-based, organic solvents to create a carbonless capsule that is more environmentally responsible and is used in every single Glatfelter carbonless brand.
"Continuous Improvement is one of Glatfelter's core drivers. We strive daily to improve our safety, our process, our products and our environment. Our decision to use EcoSphere biolatex binders is a natural choice that aligns with these core values," said Debabrata Mukherjee, VP & GM, Specialty Papers of Glatfelter. "Evaluating existing products and developing new products to meet customer needs with minimal environmental impact are part of our product development process. Implementing efficient production practices and adopting new innovations, such as the green chemistry EcoSynthetix uses in its binders, all contribute to lessening our environmental impact while improving product performance."
"Glatfelter's commitment to innovation and sustainability fit perfectly with our EcoSphere offering. Glatfelter clearly recognizes, and values, the benefit that our EcoSphere biolatex binders provide to the environment relative to traditional petroleum-based alternatives," said John van Leeuwen, Chief Executive Officer of EcoSynthetix. "Our ability to provide them with a sustainable alternative that met or exceeded the properties of petroleum-based binders won the account."
The long term agreement includes volume projections in the first year with volume increases over time. Glatfelter anticipates using a significant substitution rate of EcoSphere biolatex to traditional binder.
About Glatfelter (www.glatfelter.com)
About EcoSynthetix Inc. (www.ecosynthetix.com)
Forward Looking Statements
SOURCE EcoSynthetix Inc.
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