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  "documentTitle": "Danimer Scientific (DNMR)",
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  "authorName": "Carson Block",
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  "presentationDate": "2021-09-15 00:00:00",
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      "text": "Analyst: It sounds like a lot more development is needed before there'll be kind of a sample package that can start to be tested. Do you have an idea of what the timeline is?\nMars Source: So, that's a good question. Because to give you an idea the R&D team internally involved at Mars, that is, brought to the Danimer project, was an R&D team that it's really for a long-term project, like 5 to 10 years.\nAnalyst: Hmm. Okay, so we're looking at a fairly long time horizon.\nMars Source: I mean, 2025, I hope we will have something by 2025, yes.\nAnalyst: Okay, but you're already like two years into it, right?\nMars Source: Yes, we are, but the two years were mainly negotiating the partnership, so, uh, of course, there were some materials. I mean we already have some materials so that they were tested, et cetera, but, I think like we are not there for having the packaging.\nAnalyst: Yeah, it's always amazing to learn like how much work is involved in trying to develop a package, which seems like something very simple, but it's actually just amazing how much R&D and development, and how many brains and minds and people; you know how many hours go into these types of projects, it's incredible.\nMars Source: I can tell you it's huge, its huge. And keep in mind, for a food company. We cannot compromise the quality of our goods. You know, we cannot allow ourselves to go into the market with the packaging that we might have a challenge with the content. It might be easier for other types of packaging that you don't pack food. But in our case, it's extremely complicated.",
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      "text": "Pepsi\nDNMR is still years away from the commercial rollout of a PHA bag for PepsiCo – at best. Investors might be surprised to hear this, given DNMR’s misleading presentation of a PLA-based bag it developed over 10 years with PepsiCo. Even if DNMR and PepsiCo can develop the PHA bag, it is highly questionable whether PepsiCo will use it because of the likely cost and resulting litter problem.",
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      "text": "Mars Wrigley\nWe understand from a well-placed source familiar with Mars Wrigley’s sustainable packaging development programs that there are critical issues to solve before it can produce packaging using DNMR’s PHA at scale, and that he sees DNMR and Mars Wrigley being able to do so no sooner than 2025. It is possible that the program never comes to fruition.",
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