Cereplast Inc. Unveils New Algae-to-Bioplastics Technology as Bio-based Fuel Sources Gain Popularity and Momentum
In the Beacon Equity report, the analyst writes, “On October 20, 2009, CERP announced its new technology for transforming algae into bioplastics. The Company plans to launch a new family of algae-based resins which will complement its existing line of Compostables® and Hybrid Resins®. … CERP’s new technology comes at the same time interest in algae production is growing, as evidenced by Exxon’s $600 million investment in Synthetic Genomics and British Petroleum’s $10 million investment in Martek Biosciences.”
Cereplast Bio-Plastic Resins Declared BPA Free
Cereplast, Inc. (OTCBB:CERP), a leading manufacturer of proprietary bio-based, sustainable plastics, confirmed today that all its resins are made without the use of Bisphenol A, commonly referred to as BPA. All products made with both Cereplast resin families, including the Compostables® and the Hybrids® are BPA free
“Consumers are understandably expressing anxiety over news report that BPA has been found in certain food product packaging, including plastic containers and cans utilizing plastic inner linings,” stated Frederic Scheer, Founder, Chairman & CEO of Cereplast. “We think that it is important to remind our vendors and distributors, as well as consumers, that all Cereplast resins are BPA free. Therefore, all products made from our resins, many of which are currently distributed by large retailers, are BPA free.” “We have designed our resins with the environment and the safety of consumers in mind and therefore our products are not part of the current controversy over BPA,” continued Mr. Scheer. “We feel it is important to reassure consumers that using products made of Cereplast resins is safe, posing no harm to human health or the environment. It is especially important that products such as food service utensils, toys and infant furniture, including bathing tubs, are free of BPA.” The daily upper limit of safe exposure to BPA is 50 mg per kilogram of body weight, according to the US Food and Drug Administration. This acceptable limit is based on experiments conducted in the 1980s. However, consumer groups and researchers point out that exposure to lower doses has since been linked to a variety of health problems, including reproductive abnormalities, increased risk of breast and prostate cancers, diabetes and heart disease
Mr. Scheer added, “At this stage, not knowing if there is a safe level of exposure to any toxin found to cause disease in humans or animals, our goal is to be zero-tolerance of any compounds proven to cause harm; and, Cereplast products provide that assurance to manufacturers and consumers.” About Cereplast, Inc
Study Estimates Bio-Plastics Could Eliminate Up to 90% of Existing Petroleum-Based Plastics
Cereplast, Inc. (OTCBB:CERP), a leading manufacturer of proprietary bio-based, sustainable plastics, announced today that a recent study from the European Bioplastics and the European Polysaccharide Network of Excellence (EPNOE) estimates that current technology may make it possible for up to 90% of total plastics consumed could be replaced by bio-based polymers
The study cites that lower oil prices temporarily affected the bio-plastics market in 2009. However, the bio-plastics market experienced a 38% growth rate in the timeframe 2003-2007. The European growth rate was said to be as high as 48%
Frederic Scheer, Founder and CEO of Cereplast, Inc. commented, “This study found that in 2007, only 0.3% of global plastic production was bio-based. By 2013 we expect that overall bio-plastics manufacturing capacity will increase by approximately seven times current levels, which still barely taps the surface. Demand is huge and will increase exponentially according to all the indicators we are watching.” "… The role that lightweight conventional plastics played in the past, substituting durable materials like iron and steel in vast products, could soon be taken over by bio-based plastics. As the study shows, the potential is enormous," stated Hasso von Pogrell, Managing Director of European Bioplastics
Mr. Scheer added, “Cereplast’s bio-based resins incorporate advances that can be used by manufacturers today to replace their traditional, non-sustainable plastics use. Cereplast resins are economical, technically sound and offer different characteristics for a myriad of potential uses.” About Cereplast, Inc. Cereplast, Inc. (OTCBB:CERP) 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. On the cutting-edge of bio-based plastic material development, Cereplast now offers resins to meet a variety of customer demands. Cereplast Compostables Resins® are ideally suited for single use applications where high bio-based content and compostability are advantageous, especially in the food service industry. Cereplast Hybrid Resins® combine high bio-based content with the durability and endurance of traditional plastic, making them ideal for applications in industries such as automotive, consumer electronics and packaging. Learn more at www.cereplast.com
Cereplast Expects U.S. Bio-Plastics Market to Top $10B by 2020
Cereplast, Inc. (OTCBB:CERP), a leading manufacturer of proprietary bio-based, sustainable plastics, announced today that it expects the U.S. bio-plastics market to top $10 billion in sales by 2020. As of 2007, the U.S. bio-plastics market accounted for approximately $1 billion in sales. Some estimates point to bio-plastics capturing up to 30% of the total plastics market within ten years
New ‘Green’ initiatives by the Obama administration and increasing consumer demand for compostable and renewable plastics are pushing the market. “We believe that breakthrough products like our Cereplast Compostables® and Cereplast Hybrids® are enabling manufacturers to make the switch to environmentally responsible, sustainable packaging,” stated Mr. Frederic Scheer, Founder and CEO of Cereplast. “Our algae-based bio-plastics, currently under development, will soon open up a whole new source of feedstock and result in a broad range of new applications.” “American consumers are pushing major manufacturers and retailers to make the switch to environmentally conscious solutions. Many of the largest retailers have already made in-roads with programs designed to adopt alternative packaging, including Wal-Mart and Coca-Cola,” added Mr. Scheer
According to a study by Helmut Kaiser Consultancy 2006, by 2025 Europe will account for 31%, The U.S. 28% and Asia 32% of the total market for bio-plastics. New applications and innovations in the automotive and electronics industries are helping fuel the boom; however, consumer packaging still garners the most attention
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