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Emerald Group Publishing Limited
Copyright © 2010, Emerald Group Publishing Limited
Study estimates bio-plastics could eliminate up to 90 percent of existing petroleum-based plastics
Article Type: Environment and safety From: Pigment & Resin Technology, Volume 39, Issue 3
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 percent 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 percent growth rate in the timeframe 2003-2007. The European growth rate was said to be as high as 48 percent.
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.”
For more information go to: www.cereplast.com