18 March 2010 03:15 [Source: ICIS news]
By Doris de Guzman
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
Price points for the resins are between $2.25/lb (€1.64/lb) and $2.75/lb, said Eno.
“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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