for believe Danimer we the Thanks outlook beyond. joining. of everyone. Good continues make to we you, Thank second afternoon and track year achieve remain during that for quarter significant to Russ. XXXX full and on our progress the
in leadership in our is but bolstering creating existing and biodegradable have Our answers been customer efforts development business conversations productive research best-in-class new and also offerings. relationships, our our and position development
to expansion progress our updates, capacity will our hard capacity recent our As is quarter plan. to I plans. second of working development and expand which the discuss Today, tracking we highlights, are a result, business
over on Georgia the aligns our discussed every organic license and third-party scale, have in by shown we are, we have of our and substantial to three. capacity quarters, of manufacturing number expand slide economies initiative priorities past Kentucky capacity As priorities production couple through both with leveraging These strategic and achieve undertaken key one, agreements.
our happy future call. of application that of which as Kentucky customer started needs in Number to also announce we example focus competency announced are on supply in An Number our customer our expectation agreement in June, to with in with later research with that securing capacity. raw alternate commitments blue as secure biodegradable evaluate enhance grow can key five, attractive with customers of margins. chip economics favorable attain Furthermore, leading for our product cost increasing collaborations the institutions input II range broad addition Kemira important commissioning in inputs, production we're core this our effective four, license the our important address partnerships is with expansion global that and volume lead development demand formulation of such We will Number to Phase and Number an two, licensing and in as discuss agreements. for developing capabilities leveraging I to materials. a three, successfully feedstocks innovation May. of unit serve house we formulations. to
And to strategic human our support focused facilities, technology, information capacity, imperatives business development, growth capabilities number on ramping over through manufacturing, six, then up and First finance. across and production to forward. enhance drive existing these business utilization over. We increased team resources and remain R&D,
which last by grew now revenues just the in XX% Turning quarter second our compared year-over-year, approximately our PHA of to continue execute XX% four, to the slide strategy we second growth represents to total XX% We during revenue our year. quarter.
opportunities increase we were the CapEx as part production. successfully savings bounds have Phase loan future invited Phase and to our guarantee application submit in Additionally, XVII the commissioning financing, our regards upper II This we we hitting we operations Guarantee in in the and II TITLE made Loan In June. be operations to plan. of Department that two for for have initially pleased Kentucky started further of may was with are expanding for capacity expectations progress our found line we States United a under to Program. Energy assets towards individual
satisfies loan, requirements. project that determination does with offices we our discussions further assure represent technical that Although in DOE loan this invitation will the and eligibility the our programs progress it does the the not secure reflects
the While we closely needs. alternatives our capital financing to for work evaluating with continue DOE, also we're
blue paper-based supply as to and licensing May, be previously slide all on major announced entered chip Moving have their commercialize multinational in with commitments plastic to an recyclable, food biodegradable applications a beverage biodegradable. primarily reusable, we made to are our and brands Well, or agreement exclusive that globally. reminder, long-term packaging used customers aqueous five, to barrier coatings make into Kemira as
Importantly, one with this already investment, where remains the significant strong. for in been license without has revenue a stream new CapEx announcement of Kemira this cashflow collaboration further May, supporting material. our while lays our of and global supply positive foundation commercialization Since the Danimer agreement relationship this from day
by expect market the testing We necessary year. of to goals materials are have this and available meeting for end development
packaging to as development. great encouraging is continued internal passing note R&D their and recent the We that all a also progress with Mars tests have for and update, Skittles make Wrigley
projects focused consumers. progressing are stores with well. about our spoke Nodax-based Biodegradable relationship to quarter, developmental multinational Starbucks been with We of service you we're received quick While well is have which existing reaching we are straws chains. restaurant like and our Starbucks discussions millions Mars last PepsiCo, advancing partners major also Wrigley, others, in with on numerous and
world. is year. remains takeout on restaurants also at to our line currently are of providing a testing largest to the Separately, of select with this Gen are partner XX note We products launch locations in the product excited five Genpact track to total their discussions we top containers Zero sample and in in that fourth convertor of the quarter quick-service now
development recently of state Columbia started and almost strives ours Group, dental them to utilizing Texas care food alternative provide ago, to largest sells and partner the century half straws every nearly in country. the ever a provider their are years Plackers HEB, over the innovation Packaging has we at on XX initiative for biodegradable the service honored partner primary a to in oral with forefront XXX% of items the pioneering also everyday been this to In May, were Nodax-based dining, packaging currently such plastic with HMS new first potential protective shipping Nodax. floss of store launched biodegradable converter are Host, now for Another in for first regards as for airport of for the the the in item. flossers discussions supplier Since their household grocer materials. Plackers Furthermore, customer biodegradable to in dental we application our selling Danimer's packaging for the potential a formulations,
industry. side, representing announced all traditional additional traditional solutions. having Canada, fuel banning also certain for legislation recently the biopolymers, of a types plastic plastic the have against helped has use India, each our use, of interest California state legislation with On tailwind regulatory for and exemptions positive in our
alternative federal, engage and on working to Additionally, plastics. governments Danimer global state, educate as been traditional Nodax local, has to an and PHA
is ever customer the One as the customer I launches is is As really in in for past, to our are interest relates variable this our solutions, of There currently our been. readiness of the timing mentioned it's products. two it most at factor complex to than environment shipment forces which as work have products. relates higher in
On the existing impact other of potential and hand, overall chain customers and timing deliveries. orders and concerns that bottlenecks, still face many supply inflation, economic the
straw some supply have out new delaying that own and As sold capacity. an their converters had required chain they example, are issues to increase equipment several
of near-term, continue launches collectively customer While timelines an running impact starting as these into will total, as may launches In the factors currently these several amount we customer product significant and based require to up product product QX expect early results in XXXX. with in in in important launches cadence our that largely our is to product gradually, those show a well Kentucky new customer's capacity. a of PHA remember It's of excess rollout. typical our step
benefit followed a move as pronounced see our by XXXX. more step-up shipments to expect initial we year, to we So, volume into next in an
looking and will forward pounds finished XX communicated single includes to both of facility. The which materials. moving be entity other capacity II facility during annual Moving nameplate Kentucky biodegradable at of we now expansions, has the million reminder report Based an the expected PHA six, an information, up a to our I facility facility pleased Phase to slide Phase how second and the II were we I like quarter. know on facility to Phase commissioning and compounded as start a product that would the as outputs operate Kentucky
we the based exceeded As on Kentucky and anticipated new yields expanded facility, higher for at I the mentioned than expectations and fermentation time our previously produced initial both pounds earlier, required. have performance early are
future are Georgia has potential road cost including perform for these demonstrated Furthermore, startups, While additional that construction able plant. provided the still engineering, the we time been at we the facility. future the of management Danimer has greenfield for and Kentucky skills we value engineering from some not efficiencies, cost evaluating believe the savings and to savings have procurement, opportunities necessary down
slide quarter. with seven, our greenfield discussed Georgia to Turning last Bainbridge, on facility in as you we
Kentucky, greenfield our expect facility current engineering we to remain continue pace are XXXX. the further we spending we and we this instituting with successful While critical Based the in nimble from project plan, start expansion spending. flexible our on of that to to are maximize which however, note, by for the growth, on as of we in efficiency encouraged I greenfield be capacity prudent capital learnings the cash. to should the the for would to And allow committed in facility. have slowed up to this near-term value
long-term it operations scale. at based work to-date, profile As with confident we're opportunity on Nodax combining Catalytic relates development our more even the technologies, improve our through renewable at cost in commercial our Danimer to to
progressing our progress we to site call supply the are With colocation, the let to several for on results. about renewable oxide with manufacturing renewable update an licensing the in technology. major We're Additionally, discussions turn agreements the Coast our potential that, with me partners over making and discussions Mike Gulf ethylene financial several U.S. in products. excited about producers of also related are ancillary for other the arrangements,