01 March 2012 19:59 [Source: ICIS news]
NEW YORK (ICIS)--For the long term, US-based bioplastics manufacturer Cereplast sees bioplastics becoming “a way of life” that will substitute part of the traditional plastics industry, the company’s chief executive said on Thursday.
“As the price of oil continues to rise, bioplastics will become a money saver, which will help force the transition from traditional plastics to a more sustainable option,” said Cereplast chairman and CEO Frederic Scheer.
The first change will be for single-use disposables: “It is environmentally wrong to use our limited supply of petroleum for a cup or fork that we will use for a few minutes and then throw away in the trash,” noted Scheer.
The numbers will become significant when the large plastics companies switch from traditional polyolefins to bioplastics for some applications, said Scheer. The CEO believes bioplastics will supply about 10% of global plastics demand in the next 10 to 15 years, and that it will take another three to five years after that to reach to 25% of global plastics demand.
“It’s not just a matter of supply,” commented Scheer. “When bioplastics are cheaper than traditional plastics, they will become more widespread.”
The greater penetration of bioplastics into the marketplace will be difficult because of the entrenchment of traditional petroleum providers. “Until the day that the big petroleum suppliers accept their limited supply and rising costs. They need to diversify, and we need to work with them, not against them,” said Scheer.
According to Switzerland-based Helmut Kaiser Consultancy, bioplastics have the potential to reduce the petroleum consumption for plastic by 15-20% in 2025.
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