When I say "pipeline" .. I meant their stated sales funnel, not a production back-log. So only if they close 100% of those deals do they reach the 340m lbs, which clearly won't happen. However, that number is over 6 months old -- their pipeline may have (should have) grown since then.
I'm long on CERP ... will hold at least 3-5 years, as this may take a while to play out. But renewable plastics have an enormous role to play in the industry IMO, and CERP has an impressive portfolio of patents and is still way undervalued compared to their competition (who incur large(r) losses).
As oil climbs back above $150 (or simply fluctuates wildly), look for more manufacturers to add bio-resins to their mix. The market potential is huge, and CERP is just getting started.
Tykün
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