Positive response from Eurostars regarding Nexam Chemical’s rPET project - just over SEK 3.4 million in funding grants to Nexam Chemical.


Eurostars* has approved Nexam Chemical’s rPET (recycled PET) project
application. The project will run over 24 months and aims to upgrade recycled
PET** with heat-activated crosslinking agents and commercializing the use of
upgraded PET material. In addition to Nexam Chemical, two European partners are
part of the project. Nexam Chemical’s part of the assigned funding grants from
Eurostars and its local government authorities amounts to 375 000 Euro.
The project is based on Nexam Chemical’s crosslinking technology. Nexam Chemical
has received news that the rPET project has, by an independent international
panel of experts appointed by the Eurostars Secretariat, been ranked so high
that it can be financed within the member countries allocated budgets. Nexam and
its two partners will now enter into a consortium agreement and as soon as this
is completed, the grants funding will formally approved.

In addition to Nexam Chemical, which is responsible for the management of the
project, the project consists of the two partners Armacell Benelux, the world's
leading producer of PET foams, and The European Van Company, a specialized parts
producer of sandwich composites to the auto body industry.

"We are happy to announce that our rPET project application received such high
rankings by Eurostars. It is further proof of Nexam’s crosslinking technology
and its effects. In this case, it concerns the improvement of performance in
recycled PET, with the use of Nexam’s crosslinkers, for various applications
(PET foam, PET injection molding and pressing, etc.). This would enable users to
replace virgin PET with recycled PET, which is both cheaper for the user and
positive for the environment. That Nexam receives just over SEK 3.4 million in
grants, which is the same thing as reduced costs, over two years is positive.",
says Per Morin, CEO at Nexam Chemical.

The market for engineering polyesters currently amounts to approximately 2
million tons per year. Nexam works with crosslinkers to polyesters (which in
addition to PET, contains PBT) and is currently collaborating with several
producers and users of engineering polyesters.

*Eurostars is a joint EU initiative between EUREKA and the EU's Eighth Framework
Programme for Research and Technological Development (Horizon 2020). The purpose
is to provide funding for applied research and development with a focus on
commercialization for small- and medium-sized enterprises.

**PET (poly-(ethylene terephthalate)) is a plastic that is most known for its
use in bottles and advanced packaging (food and pharmaceutical packaging). The
plastic is also used for the manufacture of components to e.g. household
appliances, the electrical and automobile industry, and the manufacture of foam
cores to e.g. composite parts and molded products.

Note: This press release has been translated from Swedish. The Swedish text
shall govern for all purposes and prevail in case of any discrepancy with the
English version.
For more information, please contact:
Lennart Holm, Chairman of the Board: +46 (0)706 30 8562
Per Palmqvist Morin, CEO, +46 (0)706 55 55 82
Nexam is a Swedish company with a world-leading technology within its area for
heat-activated crosslinking of plastics and polymers. The company develops,
manufactures and markets unique heat-activated crosslinkers to the plastics
­market. A company description and more information about the business will be
found on www.nexam.se. The company’s Certified Adviser is Remium Nordic AB.

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