27 April 2010 18:24 [Source: ICIS news]
HOUSTON (ICIS news)--Cereplast expects to commercialise its first grade of algae-based plastic by the end of 2010, the ?xml:namespace>
“Cereplast algae-based resins... have the potential to replace 50% or more of the petroleum content used in traditional plastic resins,” the company said in a news release.
The company already sold a hybrid resin that was 50% polypropylene (PP) and 50% starch-based material, exhibiting similar physical characteristics to PP.
“In the not so distant future, we believe that algae will become one of the most important 'green' feedstocks in bioplastics as well as biofuels,” said Cereplast chief executive Frederic Scheer.
“Our view is that developing alternative feedstock unrelated to fossil fuels and to the food chain is the next frontier for bioplastics, and Cereplast is moving ahead very aggressively on this front,” he added.
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