Timeplast Vs Danimer Scientific (Part 2)

Dear all, thank you for staying tuned for Part 2! 

Here it is:

2. Manufacturing cost / Plastic’s price point / Scalability: 

Competing with conventional plastics and even modern bio-based plastics such as PLA-blends and others is very difficult given the fact that most plastics on the market are a commodity, and we have some of the largest producers on Earth already manufacturing tons and tons of very cheap materials. The cheaper option will most likely win, which is why PLA-blends are leading the alternative packaging market. Niche markets, or spaces with limiting legislation, like European single-use applications, are then again still under the dominance of PLA-blends and paper alternatives. At Danimer PHA’s price point the potential growth is capped at a very low height ceiling. 

We understand that taxation and legislation will make it more expensive to continue using conventional plastics, however acquiring sizeable customers in the plastic market is a matter of price/scale, and competing with the big petrochemical companies is an uphill battle unless we invent a new cheaper way to manufacture plastics and a material so drastically different that pushes the industry forward; This is exactly what Timeplast has done. 

Instead of depending on a slow microbiological process to create our materials like Lemoigne and Danimer’s PHA, we perfected our co-polymerization process to the point where we can catalyze it at a speed that matches the speed of a typical plastic manufacturing process, in other words we invented a thermochemical pathway that converts any extrusion process into a dynamic polymerization reactor. What this means is that we already have the manufacturing capacity the market needs, not through installed equipment but through our proprietary technology, which is the exact same size of the current market (USD 579.7 billion in 2020worth of installed capacity), which provides Timeplast a huge ability to satisfy demand. This is what we believe to be the best way to beat the cost race of producing material at a price-point that competes with the big petrochemical companies, while decarbonizing at planetary levels given that we’re bypassing some of the most energy-intensive processes in the industry; Polymerization. 

This is how Timeplast's proprietary manufacturing can be considered an optimized way to produce its plastics which translates into a very low production cost.

To be continued...