Biodegradable Straw Maker Files for Bankruptcy to Sell Assets

Danimer Scientific Inc., a maker of bioplastic straws, cutlery, and food containers that’s touted its work with Bacardi and Starbucks, filed for bankruptcy with plans to market its assets for sale and wind down its business.

The company produces replacements for traditional plastic food materials. It has about $623 million in assets and $449 million in liabilities, according to a bankruptcy petition filed Tuesday in the US Bankruptcy Court for the District of Delaware.

Danimer makes a plastic-alternative polymer marketed as Nodax, as well as other plastic alternatives, out of facilities in Winchester, Ky., and Bainbridge, Ga., according to court ...