InterviewVIDEO: Metabolix expects bio-resin sale in second half of 2010

18 March 2010 03:15  [Source: ICIS news]

By Doris de Guzman

NEW YORK (ICIS news)--US bioscience company Metabolix expects its joint venture Telles to start selling its bio-based resins in the commercial market during the second half of 2010, Metabolix president and CEO Rick Eno said on Wednesday.

Initial target applications for the resins made from corn sugar-based polyhydroxyalkanoate (PHA) will be on compostable bags, packaging, consumer products such as cosmetics and gift cards, business equipment, agriculture and horticulture, and marine and aquatic applications.

The resins are being marketed under the brand name Mirel.

“We also expect to bring thermoforming and film products to food contact markets in the second half of 2010. This will enable us to service applications such as coffee lids, yoghurt cups, and film for using storage bags,” said Eno on the sidelines of the Jefferies 9th Global Clean Technology Conference held in New York.

Price points for the resins are between $2.25/lb (€1.64/lb) and $2.75/lb, said Eno.

Telles, a joint venture between Metabolix and US agribusiness Archer Daniels Midland, started operations of its new 110m lbs/year PHA plant in Clinton, Iowa, in December 2009.

The Clinton plant is still operating at low capacity but Eno said they expected to ramp up the capacities in the next several quarters.

“2010 will be a transition year for Telles as the business goes commercial. 2011 will be the year when a significant number of customer efforts will materialize those new contracts,” he added.

($1 = €0.73)

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By: Doris de Guzman
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