Biopolymer & PHA Producer Meredian Receives Investment from Perry- McCall
Meredian Inc., a privately held biopolymer manufacturer and one of the world's largest producers of PHA (polyhydroxyalkanoate), announced the receipt of an investment from the world class engineering and construction group, Perry-McCall. Prior to this investment decision, the group was selected and is currently building out Meredian's manufacturing facility to produce the completely biodegradable plastic.
"As part of our validation of proof of concept and business model we addressed scalability with Tate and Lyle and modularity and buildout with Perry Mcall. Our model has been validated every step of the way by third party credible professional organizations," said Paul Pereira, Executive Chairman to the Board of Directors at Meredian Inc. In August 2013, the Engineering and Construction Group of Perry-McCall started working with the Engineering and Process Development Group at Meredian to create the design for the facility. After eight months of studying the process and working on the design, the internal group of Perry-McCall approached their President, Wayne McCall, about investing their own personal money in the project. After the preliminary design was completed in April, the engineering and construction company approached Meredian's Executive Chairman, Paul Pereira regarding their desire to invest.
"We are extremely excited about the project, because they have found a way to clean up landfills," said Wayne McCall of Perry-McCall. "While it takes between 500-1000 years for petroleum to break down, these bioplastics only take 5-6 weeks. The environmental and economic impacts are huge, and for us being design contactors, the product Meredian produces can develop more business for us."
Meredian's innovative biopolymer is at the leading edge of unparalleled advancement in the Bioplastics field, which they presented at the 9th Annual Biopolymer Symposium in May. Some of the recent accomplishments include gaining the FDA approval for Food Substance Contact, harvesting the first crop of canola to be used to create the PHA and partnering with the global provider Tate and Lyle to demonstrate the ability for Meredian's product to be manufactured on a mass scale. Additionally, they have also received four certifications and two statements from Vinçotte International confirming their PHA formula is completely biodegradable in six different mediums. They are the only biopolymer manufacturer in the world that has received certifications of biodegradability in anaerobic, soil, freshwater, marine, industrial composting and home composting.
In addition, Dr. Isao Noda, Chief Science Officer at Meredian has just been awarded a Professorship at Peking University, one of the most prestigious Universities in China.
McCall believes the supportive move is a "Win, Win" due to the fact the company has more investment dollars and the engineering group has an even greater reason for the project to come in under budget and ahead of schedule.
Source: Meredian, Inc.
"As part of our validation of proof of concept and business model we addressed scalability with Tate and Lyle and modularity and buildout with Perry Mcall. Our model has been validated every step of the way by third party credible professional organizations," said Paul Pereira, Executive Chairman to the Board of Directors at Meredian Inc. In August 2013, the Engineering and Construction Group of Perry-McCall started working with the Engineering and Process Development Group at Meredian to create the design for the facility. After eight months of studying the process and working on the design, the internal group of Perry-McCall approached their President, Wayne McCall, about investing their own personal money in the project. After the preliminary design was completed in April, the engineering and construction company approached Meredian's Executive Chairman, Paul Pereira regarding their desire to invest.
"We are extremely excited about the project, because they have found a way to clean up landfills," said Wayne McCall of Perry-McCall. "While it takes between 500-1000 years for petroleum to break down, these bioplastics only take 5-6 weeks. The environmental and economic impacts are huge, and for us being design contactors, the product Meredian produces can develop more business for us."
Meredian's innovative biopolymer is at the leading edge of unparalleled advancement in the Bioplastics field, which they presented at the 9th Annual Biopolymer Symposium in May. Some of the recent accomplishments include gaining the FDA approval for Food Substance Contact, harvesting the first crop of canola to be used to create the PHA and partnering with the global provider Tate and Lyle to demonstrate the ability for Meredian's product to be manufactured on a mass scale. Additionally, they have also received four certifications and two statements from Vinçotte International confirming their PHA formula is completely biodegradable in six different mediums. They are the only biopolymer manufacturer in the world that has received certifications of biodegradability in anaerobic, soil, freshwater, marine, industrial composting and home composting.
In addition, Dr. Isao Noda, Chief Science Officer at Meredian has just been awarded a Professorship at Peking University, one of the most prestigious Universities in China.
McCall believes the supportive move is a "Win, Win" due to the fact the company has more investment dollars and the engineering group has an even greater reason for the project to come in under budget and ahead of schedule.
Source: Meredian, Inc.
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