Cardia Bioplastics, a global developer, manufacturer and marketer of sustainable resins derived from renewable resources based in Melbourne (Australia), announced the delivery of 60,000 large waste management bags as initial order by Maldives Truly Green, an entrepreneurial start-up venture in the Maldives, dedicated to both the awareness of and fight against environmental degradation of the Maldives. As an initial step towards a greener Maldives, Truly Green offers environmentally friendly products that are made from renewable resources with a lower carbon footprint replacing traditional plastics packaging and waste management products. The Cardia Biohybrid waste management bags will be used throughout Maldives resorts and by the expansive tourism sector, with annual orders of more than 1,000,000 bags expected.
The Cardia Biohybrid bags received Maldives EPA approval as preferred product after undergoing extensive product trials. The Maldives EPA approval is a major win for Cardia Bioplastics and Truly Green, giving the Biohybrid bags official endorsement and therefore creating the ability to expand supply beyond initial orders. Cardia Biohybrid bags offer the Maldives market bags that have a lower carbon footprint, are made with renewable resources, contain no heavy metals and are competitively priced.
For an island nation such as the Maldives, participating in carbon and waste reduction is imperative. The Cardia Biohybrid bags are a first step in Cardia providing lower carbon footprint solutions to the Maldives market. According to Frank Glatz, Cardia Managing Director, “the process of approval involved trials that endorsed our products performance and environmental benefits. Being approved as a preferred product in the Maldives market will make further expansion into the Maldives in partnership with Truly Green a natural progression. The Maldives are committed to tackling climate change and our low carbon Cardia Biohybrid and our Cardia Compostable bags and products will certainly assist them in doing so.”
Rizan Afeef, Truly Green Managing Director commented, “Cardia Bioplastics has proven to be an exceptional partner in assisting us deliver a sustainable waste management solution to the Maldives tourism industry and resorts. We look forward to developing a long term relationship with Cardia to implement further environmentally friendly product initiatives that will benefit the Maldives.”
Cardia Bioplastics Chairman, Richard Tegoni stated, “Cardia is continuing to see growth in global demand for our bag offering, the market is really starting to change. The Biohybrid bags are made in-house benefiting from our expansion of production capacity. The relationships that we are establishing with companies such as Truly Green are exciting, as they continue to expand our supply chains into new territories.”
Tourism is the largest industry in the Maldives, accounting for 28% of GDP and more than 60% of the Maldives’ foreign exchange receipts. It powered the current GDP per capita to expand 265% in the 1980s and a further 115% in the 1990s. Over 90% of government tax revenue flows in from import duties and tourism-related taxes.
IL BIOECONOMISTA 