In the US, EarthShell and DuPont have said they are to expand their working relationship from the joint development agreement formed in April 2001 to establish a strategic alliance.
Initially, the companies will focus on the €1 billion global food service wraps market. The alliance combines EarthShell's patented composite material technology with DuPont expertise in materials, development, manufacturing, and marketing. The result, say the two, will be environmentally preferred packaging and systems for food service industries such as restaurants, fast food, and convenience stores.
EarthShell and DuPont will collaborate closely to identify opportunities that combine EarthShell Packaging with DuPont's Biomax hydro/bio-degradable polyester coatings/films and technology.
Although industry observers agree that Earthshell's business plan shows much promise, the company has failed to make any profit since it was established ten years ago. Recently the company was restructured. This meant the appointment of a new CEO and the loss of 65 per cent of its production staff. However, this move has been widely applauded by the industry and is believed to have put the company in a much stronger position.
The strengthening of the agreement with Dupont should also serve to increase the companies prospects and its revenues.
Based in California, US, EarthShell is a technology company and provider of biodegradable, renewable food service packaging. Its business model is to license its technology to leading manufacturers of food service disposables who will manufacture, market and distribute its packaging.