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  "documentTitle": "Danimer Scientific (DNMR)",
  "authorId": "54_Spruce_Point_Capital",
  "authorName": "Spruce Point Capital Management",
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  "presentationDate": "2021-04-22 00:00:00",
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  "notes": "Uses a red flag icon to signal a warning/contradiction. Highlights specific text in red to emphasize the 'catch' in the technology.",
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      "text": "There is always a catch! While PHA may be an improvement from PLA in some areas, there are still constraints to the technology. Just as PLA was unable to decompose in landfills and required separate recycling, PHA requires certain conditions which are only available to a limited population.",
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      "text": "NatureWorks, Danimer's PLA supplier, was formed as a joint venture between Cargill and Dow Chemical in 2001 to commercialize PLA-based resins. NatureWorks, once a pioneer, ended up going through multiple restructurings. Hardly living up to its highly optimistic potential, bioplastics represent less than 1% of the global plastics market.",
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      "text": "A better option might be the trash bin, but few Americans have access to landfills equipped to ensure that bioplastics degrade. The remaining option is disposing the bottles into the environment - say, in the ocean. That’s not much of an option at all, even if the bottles will eventually disintegrate. “I don’t think we want to start ‘designing for litter;” Croke told me.",
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      "text": "Source: Treehugger.com; Bloomberg (December 2, 2020); Based on investor presentation",
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      "text": "PLA vs PHA comparison columns",
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      "text": "PHA Appears Destined For PLA's Fate",
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