The new entity is created to help grow its bioplastics business. The restructuring provides the division with its own identity and structure under the Biome brand. Biome produces a range of biodegradable plastics, manufactured from renewable sources, in the UK, Europe and worldwide.
Biome Bioplastics provides raw materials for the manufacture of products across sectors such as packaging, waste disposal, personal care, horticulture, construction and consumer electronics. Stanelco claims that as the demand for products that have a zero or near zero impact upon the environment grows, the demand for this type of material, across all sectors, will also grow.
Paul Mines, chief executive of Stanelco, said: “Stanelco’s bioplastics business has continued to achieve high levels of growth through the last two years, so it is appropriate at this time that it becomes described by a name that reflects its activities so well. Biome Bioplastics captures the essence of our activities in both the natural and business ecosystems.
“We have invested considerable thought into this re-branding as Biome Bioplastics enters its next stage of growth, with an increasing portfolio of applications and end-uses. We look forward to working with our current and new customers under the new brand and further developing our scale within the marketplace.”