Californian packaging giant EarthShell Corp has signed a definitive alliance agreement with DuPont, to offer environmentally preferable packaging to the food service packaging market.
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The signing of this agreement formalises the relationship between the two companies as set forth in a letter of intent signed last April. Initially, they will focus on major segments of the US$1bn global food service wraps market.
“The signing of this alliance represents an important new business venture for DuPont,” said David P. Ferretti, global business manager, specialty resins – DuPont Packaging & Industrial Polymers. “We have worked with EarthShell for two years, and believe in the unique environmental attributes of their technology. At DuPont, we intend to utilise our strong applications development capabilities and broad market access to complete the commercialisation of these exciting new products.”
Under the terms of the agreement, DuPont has an exclusive, worldwide license for EarthShell food service film technology, and will take a more active role in the promotion of other EarthShell Packaging products. For all products DuPont sells that use the EarthShell technology, EarthShell will receive a royalty. The two companies will focus on capturing a significant share of the food service wraps market. It is expected that wraps will soon be commercially available with initial product sales projected to begin late this year.
“EarthShell and DuPont have created an excellent working relationship that serves as a solid foundation for today’s important announcement,” said Vincent J. Truant, president and COO of EarthShell: “The combination of our innovative technology with the leadership and significant capabilities of DuPont will create products that generate positive impact from both a business and environmental perspective.”
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By GlobalDataEarthShell and DuPont intend to collaborate closely to identify opportunities that combine EarthShell Packaging with DuPont Biomax hydro/biodegradable polyester coatings/films and technology. Biomax offers a combination of biodegradability and barrier properties over a wider range of applications than is possible with other coatings or films. EarthShell Packaging may also use DuPont Biomax in its disposable packaging such as bowls, plates, cups and sandwich wraps.
