EcoSynthetix announces contract with Glatfelter to supply EcoSphere® biolatex® binders
Tuesday, Dec 18, 2012
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)
Headquartered in York, PA, Glatfelter is a global manufacturer of specialty papers and fiber-based engineered materials, offering over a century of experience, technical expertise and world-class service. U.S. operations include facilities in Spring Grove, PA, and Chillicothe and Fremont, OH. International operations include facilities in Canada, Germany, France, the United Kingdom and the Philippines, a representative office in China, and a sales and distribution office in Russia. Glatfelter's sales approximate $1.6 billion annually and its common stock is traded on the New York Stock Exchange under the ticker symbol GLT.
About EcoSynthetix Inc. (www.ecosynthetix.com)
EcoSynthetix Inc. is a renewable chemicals company specializing in bio-based products that can be used as inputs in industrial manufacturing for a wide range of consumer products. The Company's products offer a reduced carbon footprint and are marketed primarily on the basis of lower cost, stable pricing and equal or superior performance. EcoSynthetix's lead product, EcoSphere® biolatex® binders, is used commercially by a number of the global top 20 manufacturers in the coated paper and paperboard industry.
Source: EcoSynthetix Inc.