Cardia Bioplastics secures an exclusive annual supply contract into Shanghai, China

Added by on December 12, 2012

Cardia Bioplastics secures an exclusive annual supply contract into Shanghai, China

International sustainable resins and products supplier, Cardia Bioplastics Limited, is pleased to announce the exclusive annual supply contract of its renewable Biohybrid kitchen bags to the City District of Shanghai Pudong, in China. As part of the agreement, Cardia will annually supply an estimated $1.2 million worth of its proprietary renewable Biohybrid kitchen bags to approximately 20% of householders in this region.

Dr Frank Glatz, Managing Director of Cardia Bioplastics, said that the contract was awarded because of Cardia’s high quality product technology which uses considerably less oil to produce an environmentally friendly renewable resin with a lower carbon footprint than conventional plastics.

Shanghai Pudong in recent years has focused heavily on environmental initiatives, such as targeting waste separation at the source. Following the World Expo in 2010, Shanghai introduced and implemented an organic waste separation process to separate plant and food scraps at the household level, as these scraps form a large part of the Chinese domestic waste stream.

“This is a critical step towards the efficient management of domestic waste in China,” said Dr Glatz.

“Cardia is the only supplier of these products to the Shanghai Pudong City Council – these bags are tailored specifically for the separation and collection of food and domestic waste.”

Following the successful six month trial of Cardia’s Biohybrid renewable kitchen bags to Shanghai Pudong earlier this year, the City District of Shanghai Pudong has increased its supply from approximately 5% to 20% of households in this region. This opens up a significant opportunity to expand the rollout in Pudong and secure additional City Councils in China.

Pudong is one of four City Councils in China that has conducted waste management trials using Cardia’s products. The other three Councils in the trial phase are Nanjing, Hangzhou and Yuhang and Cardia is looking to expand into other provinces of China.

Dr Frank Glatz added, “We are delighted to be partnering with City Councils that are committed to creating a greener and more sustainable future.

“We will continue to work with the Chinese City Councils to manage household waste sustainability and implement initiatives to reduce the environmental footprint.”

In addition, Cardia says it has a certified compostable offering for its organic waste management business, where trials are underway in Australia, New Zealand, Malaysia, Canada, USA, Brazil and the UK.

For further information or to speak to Dr Frank Glatz, contact:

Justin Kelly, Director
Mercury Consulting
0408 215 858
Justin.Kelly@mercuryconsulting.com.au

About Cardia Bioplastics

Cardia Bioplastics Limited (ASX: CNN) is an Australian developer and manufacturer of sustainable resins and finished products derived from renewable resources for the global packaging and plastic products industries. The company holds a strong patent portfolio of sustainable resin technologies. Cardia Bioplastics Limited was established in 2002 and has its main headquarters located in Melbourne, Australia. The Product Development Centre and manufacturing plant is in Nanjing, China and the Company also has offices in Australia, China, USA, Brazil and Malaysia.

About Shanghai Pudong

The city district of Shanghai Pudong is one of China’s high profile development areas and has a population of seven million people. Pudong has been developed as a New Open Economic Development Zone since 1990 and has emerged as China’s financial and commercial hub. Pudong is home to the Lujiazui Finance and Trade Zone, the Shanghai Stock Exchange, and a skyline that includes the Oriental Pearl Tower, the Jin Mao Building, the Shanghai World Financial Center and the Shanghai Tower (under construction), reflective of Shanghai and China’s rapid economic development.