Initially, the companies will focus on the $1 billion global foodservice flexible sandwich wrap market. As part of the strategic alliance, the companies have signed a non-binding letter of intent to license EarthShell foodservice flexible sandwich wrap technology exclusively to DuPont. The letter also allows for future expansion to other EarthShell technologies and products. Under the alliance, DuPont assumes leadership of the development, production, marketing and distribution of the foodservice flexible sandwich wraps and takes 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. "We have worked with EarthShell for over a year, and believe in the unique environmental attributes of their technology and products, said David P. Ferretti, global business manager-DuPont Packaging & Industrial Polymers. EarthShell and DuPont intend to collaborate closely to identify opportunities that combine EarthShell packaging with DuPont Biomax® hydro/biodegradable polyester coatings/films and technology. According to DuPont, Biomax offers biodegradability and barrier properties for over a wider range of applications than is possible with other coatings or films. It is used for bowls, plates, cups and flexible sandwich wraps. For more information on DuPont Packaging, visit www.dupont.com/packaging. EarthShell packaging is manufactured using composite technology that combines inorganics such as limestone with organics such as starch. The products biodegrade in composting environments. When compared to traditional foodservice packaging materials, the materials are said to be cost competitive. Additional information may be found via the Internet at www.EarthShell.com.
DuPont and EarthShell form strategic alliance
On April 11, EarthShell Corp. (Santa Barbara, CA) and DuPont (Wilmington, DE) announced that they have formed a strategic alliance to accelerate commercialization of environmentally friendly packaging.
Mar 31st, 2002