Join our daily newsletter At The Bell to receive exclusive market insights
- Sustainable and eco-friendly bioplastics developer SECOS Group (SES) has secured a significant supply contract with JC USA, a subsidiary of Jewett-Cameron Trading
- The contract is for the supply of compostable pet waste bags which will be made from SECOS’ Cardia proprietary biopolymer resins
- The agreement is valued at around $3 million a year, with both parties committed to growing the business and enhancing the supply volumes in the years ahead
- SECOS believes this is a significant deal — there are over 89 million dogs in the U.S. and a number of pet owners are looking for more environmentally friendly solutions as they pick up after their furry friends
- SECOS is up 27.3 per cent on the market this morning and is trading for 14 cents per share
Sustainable and eco-friendly bioplastics developer SECOS Group (SES) has secured a significant supply contract with JC USA, a subsidiary of Jewett-Cameron Trading.
The contract is for the supply of compostable pet waste bags. The bags will be made from SECOS’ Cardia proprietary biopolymer resins.
The agreement is valued at around $3 million a year, with both parties committed to growing the business and enhance the supply volumes in the years ahead.
Under the agreement, the company will implement an entire branding program around the sustainable benefits of compostable bags.
The pet waste bags will be branded under Jewett-Cameron’s pet retail brand and will be sold through a number of leading American and international big box stores, retail chains and eCommerce partners.
Source: SECOS
This latest contract is significant — there are over 89 million dogs in the U.S. and a similar number in Western Europe. Pet lovers are also becoming more focused on environmentally friendly ways to manage their pet’s waste.
SECOS CEO Ian Stacey said normal pet waste bags are a major user of finite resources and contributor to CO2 emissions.
“We continue to see large demand for compostable bag applications as brands and retailers move to replace single-use oil-based plastics with renewable replacements such as Cardia compostable alternatives,” he said.
“Pet Owners around the world are acting on this concern through their purchasing power and our proven compostable technology is providing them with the perfect
solution,” he added.
Jewett-Cameron CEO, Charlie Hopewell, is pleased to be working with SECOS.
“We know our customers will appreciate the high quality and performance of SECOS’ compostable technology and we look forward to working with SECOS
on other opportunities to reduce the use of conventional plastics,” he added.
SECOS is up 27.3 per cent on the market this morning and is trading for 14 cents per share at 11:20 am AEST.
