20 October 2009 17:14 [Source: ICIS news]
HOUSTON (ICIS news)--US bio-plastics producer Cereplast said on Tuesday it has developed an algae-based resins line that could hit the market in 2010.
Cereplast said that algae in the resins will replace half of the traditional petroleum content. The company said it will target the hybrids at the polyolefins market, mainly polypropylene (PP) and polyethylene (PE).
“Based on our own efforts, as well as recent commitments by major players in the algae field, we believe that algae has the potential to become of the most important ‘green’ feedstocks for biofuels as well as bio-plastics,” Cereplast CEO Frederic Scheer said.
Cereplast is based in Hawthorne, California. The eight-year-old company posted an annual net loss of almost $13m (€8.7m) in 2009 on sales of $4.6m.
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