Cereplast Nears Commercialization on Algae-Based Plastics

April 29, 2010

El Segundo, CA-based Cereplast, Inc., a leading manufacturer of proprietary bio-based, sustainable plastics, has announced that it plans to offer the first grade of Cereplast Algae Plastics® for commercial use by the end of the year.

Currently, Cereplast is using renewable material such as starches from corn, tapioca, wheat and potatoes in the manufacture of bio-based resins. Algae-based resins will complement the company’s existing line of Compostables® and Hybrid® resins. “Algae-based resins represent the latest advancement in bioplastics technology and our product development efforts over the last several months have yielded very encouraging results,” said Frederic Scheer, Founder, Chairman and CEO of Cereplast, Inc. “In the not so distant future, we believe that algae will become one of the most important ‘green’ feedstocks in bioplastics as well as biofuels,” added Mr. Scheer.

“Commercial algae resins represent a significant breakthrough in the greening of the plastics industry, a transformation that we believe is critical to helping ensure the long-term sustainability of the planet,” commented William Kelly who is leading Cereplast’s algae to plastics development efforts.

Cereplast, Inc. designs and manufactures proprietary bio-based, sustainable plastics which are used as substitutes for petroleum-based plastics in all major converting processes – such as injection molding, thermoforming, blow molding and extrusions – at a pricing structure that is competitive with petroleum-based plastics. —A.I.M.

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