24 January 2011 16:15 [Source: ICIS news]
HOUSTON (ICIS)--Cereplast signed a distribution agreement with Italy-based ColorTec to supply bioplastic resins to southern ?xml:namespace>
“Recent environmental legislation, such as the plastic bag ban that went into effect this year in
“We are confident that demand will continue to rise in Europe, as stores in
“This is the equivalent of a potential $1bn (€730m) bioplastics market in
Under the agreement, Cereplast will supply ColorTec with its Compostable 3000 film grade for use in its masterbatch process for the production of shopping and garbage bags.
Financial terms were not disclosed.
ColorTec was described as having a “dominant position” in the southern
($1 = €0.73)
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