MILAN, Sep 9 (Class Editori) - Bio-on, a company active in the bioplastics sector, has announced the start of the operational phase of a plant in Russia. The TAIF JSC Group, active in the traditional petrochemical sector, has announced the start of works for the PHA bioplastic production plant under Bio-on license, which will have to exceed the threshold of 10,000 tons per year in the Republic of Tatarstan, on the basis of the agreement signed last October.
Bio On has completed the Process Design Package (PDP), envisaged by the license agreement, and made the necessary documentation available for the design and construction of the new PHA plant that external companies will carry out with a timing linked to the completion of the necessary bureaucratic procedures. Recently, the company was granted the authorization for building by the local company responsible for managing the entire area of the industrial district of Alabuga, under the direct control of the Presidency of the Republic of Tatarstan, where the plant will be built.
Bio-on and Taif have therefore agreed the criteria for the completion of the project, based on the Bio-on technology, and have defined the related industrial strategies. The project has thus entered in its operational implementation stage; engineering activities, assigned to external companies, are already underway and the contract is expected to be awarded for the turnkey construction of the plant by the end of the year, with production starting in the second part of 2021.
This summer, the patent for the production of bioplastic industrialized by Bio-on was strongly contested by the bearish fund Quintessential Capital Management, which also accused Taif of having falsified the balance sheet data causing the falling of shares. Bio-on pressed charges against the fund managers at the prosecutor's office in Bologna, accusing them of having spread false and misleading news, aimed at causing a significant decline in the value of the stock.
Bio-on is also undergoing an important agreement with Unilever for the production of completely biodegradable sunscreens, MyKAI, which have begun to be sold, even online, since last April. MyKAI solar products, which are also the first in the world able to make consumers aware of the extraordinary environmental value, as well as protection, of the innovative Bio-on technology.
With MyKAI the main objective of Bio-on and Unilever is to use organic ingredients (100% biodegradable micro-powders in nature) designed to significantly reduce the percentage of sun filters used in sun lotions, to increase their resistance performance. water, reducing the environmental impact of the product.
Another Bio-on partner who wants to use the Pha organic plastic patent is Maire Tecnimont, the leading Italian group in green chemistry, which entered 50% of the U-COAT company, established with the aim of marketing an innovative solution for biodegradable fertilizers, an innovation that concerns a new type of coating, natural and 100% biodegradable, for urea-based fertilizers, whose demand is constantly growing in the world.
To conclude, Bio-on has entered into licensing agreements to produce Pha both in Spain, with a leading agro-industry group, Acor, and in Mexico, with the Himes group.
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