Biome Technologies (BIOM)

Sector:

Engineering

Index:

FTSE AIM All-Share

 100.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 175.00p
  • 52 Week Low: 91.00p
  • Currency: UK Pounds
  • Shares Issued: 3.78m
  • Volume: 3,500
  • Market Cap: £3.78m

Biome begins field testing of biodegradable tree shelters

By Josh White

Date: Monday 25 Oct 2021

LONDON (ShareCast) - (Sharecast News) - Biome's bioplastics division announced the commencement of large-scale UK-wide field testing and initial commercial sales of biodegradable tree shelters by Suregreen on Monday, using its proprietary bioplastics materials.
The AIM-traded firm said extended field testing of approximately 40,000 shelters at more than 40 sites was being carried out in close collaboration with Suregreen, a UK-based manufacturer of tree shelters.

It said the biodegradable tree shelters were designed to provide the benefits of traditional shelters for five years, but to biodegrade "naturally and harmlessly" over the subsequent two years, offering an environmentally sustainable solution that improves forestry yields.

The natural decay of the shelters had been demonstrated through extensive accelerated weathering, biodegradation in the laboratory, and initial field testing.

Having developed the tree shelters in association with Suregreen, supported by a development contract from Innovate UK as part of the Sustainable Innovation Fund, Biome and Suregreen would now monitor the product's performance to confirm high sapling survival rates in forestry conditions over the next few years.

"Extensive field testing is the next step to commercialisation of the novel biodegradable tree shelter at scale," said chief executive officer Paul Mines.

"We're looking forward to validating our results over the coming years in a diverse range of climates by demonstrating how our biodegradable materials can protect saplings in the early years after planting and are confident that biodegradable tree shelters will play a meaningful role in sustainable forestry and the UK's net-zero ambitions."

At 1007 BST, shares in Biome Technologies were up 3.8% at 410p.

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BIOM Market Data

Currency UK Pounds
Share Price 100.00p
Change Today 0.000p
% Change 0.00 %
52 Week High 175.00p
52 Week Low 91.00p
Volume 3,500
Shares Issued 3.78m
Market Cap £3.78m

BIOM Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
6.27% below the market average6.27% below the market average6.27% below the market average6.27% below the market average6.27% below the market average
21.21% below the sector average21.21% below the sector average21.21% below the sector average21.21% below the sector average21.21% below the sector average
Price Trend
62.46% below the market average62.46% below the market average62.46% below the market average62.46% below the market average62.46% below the market average
60% below the sector average60% below the sector average60% below the sector average60% below the sector average60% below the sector average
Income Not Available
Growth
33.05% below the market average33.05% below the market average33.05% below the market average33.05% below the market average33.05% below the market average
39.39% below the sector average39.39% below the sector average39.39% below the sector average39.39% below the sector average39.39% below the sector average

BIOM Dividends

No dividends found

Trades for 26-Apr-2024

Time Volume / Share Price
15:22 8 @ 109.60p
10:58 1,000 @ 108.50p
10:30 354 @ 92.20p
10:16 8 @ 109.60p
10:09 2,130 @ 91.00p

BIOM Key Personnel

CEO Paul Mines

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