12 June 2009 23:01 [Source: ICIS news]
NEW YORK (ICIS news)--Growth in the bioplastics industry has slowed due to decreasing demand driven by the global recession, several producers said on Friday.
The company recently conducted one-on-one discussions with top customers and prospects on development programs for Metabolix’s Mirel bioplastic. About 4% of companies have put their Mirel-related plans on hold and 3% have their programs under review, said Metabolix CEO Rick Eno.
Still, 74% of those customers and prospects anticipate moving ahead with their plans, he said.
“Given the difficult external environment, we are quite encouraged by the results of these discussions and believe it is due to the unique attributes of Mirel,” Eno added.
Metabolix is marketing its Mirel bioplastic through its 50-50 joint venture company Telles with
“We will begin shipping the product to customers who will be introducing new products and applications over the next 12-24 months,” said Eno.
NatureWorks spokesman Steve Davies did not disclose specific sales numbers, but said that overall sales in 2009 for the company have still continued on an upward trend.
“We anticipate steady and gradual growth for the market over the next two years,” said Davies. “Overall growth for bioplastics is positive on a global basis.”
The company just this month completed a expansion of its
Cereplast said the move will dramatically reduce its costs to produce plastic resins. The company has production facilities at its headquarters in
In the first quarter, Cereplast reported that net sales decreased by 37% to $560,577 (€400,170) compared with year-ago levels.
“The decrease is driven by a sales volume decline, as existing customers have delayed orders and/or launches of their own commercial applications with our resins due to the general economic downturn and global drop in demand,” Cereplast said.
The company said it plans to sell or lease the
($1 = €0.71)
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|