Biotech

Cereplast Inc has reported “… that it has been developing a breakthrough technology to transform algae into bioplastics and intends to launch a new family of algae-based resins …”

More from a Release dated October 20:

Cereplast to Transform Algae into Bioplastics | Business Wire

Breakthrough Technology Could Eventually Replace 50% or More of Petroleum-Based Plastics Content with Algae-Based Resins

HAWTHORNE, Calif.–(BUSINESS WIRE)–Cereplast,
Inc. (OTCBB:CERP), manufacturer of proprietary bio-based sustainable
plastics, announced that it has been developing a breakthrough
technology to transform algae into bioplastics and intends to launch a
new family of algae-based resins that will complement the company’s
existing line of Compostables® & Hybrid® resins.

Cereplast algae-based resins could replace 50% or more of the petroleum
content used in traditional plastic resins. Currently, Cereplast is
using renewable material such as starches from corn, tapioca, wheat and
potatoes and Ingeo® PLA.

“Our algae research has shown promising results and we believe that in
the months to come we should be able to launch this new family of
algae-based resins,” stated Frederic Scheer, Founder, Chairman and CEO
of Cereplast. “Algae-based resins represent an outstanding opportunity
for companies across the plastic supply chain to become more
environmentally sustainable and reduce the industry’s reliance on oil.
We are still in the development phase, but we believe that this
breakthrough technology could result in a significant new line of
business in the years to come.”

“Based on our own efforts, as well as recent commitments by major
players in the algae field, we believe that algae has the potential to
become one of the most important “green” feedstocks for biofuels, as
well as bioplastics,” continued Mr. Scheer. “Clearly, our focus will be
on bioplastics. However, for our algae-based resins to be successful, we
require the production of substantial quantities of algae feedstock. We
are very encouraged when we see big players entering the algae
production business, including Exxon’s $600 million investment in
Synthetic Genomics and BP’s $10 million investment in Martek
Biosciences.”

Cereplast has initiated contact with several companies that plan to use
algae to minimize the CO2 and NOX gases from polluting smoke-stack
environments. Algae from a typical photo-bioreactor is harvested daily
and may be treated as biomass, which can be used as biofuel or as a raw
material source for biopolymer feed stock. The company is also in direct
communication with potential chemical conversion companies that could
convert the algae biomass into viable monomers for further conversion
into potential biopolymers. “Algae as biomass makes sense in that it
helps close the loop on polluting gases and can be a significant
renewable resource,” added Mr. Scheer.

About Cereplast, Inc.

Cereplast, Inc. (OTCBB:CERP) designs and manufactures proprietary
bio-based, sustainable plastics which are used as substitutes for
petroleum-based plastics in all major converting processes – such as
injection molding, thermoforming, blow molding and extrusions – at a
pricing structure that is competitive with petroleum-based plastics. On
the cutting-edge of bio-based plastic material development, Cereplast
now offers resins to meet a variety of customer demands. Cereplast
Compostables Resins® are ideally suited for single use applications
where high bio-based content and compostability are advantageous,
especially in the food service industry. Cereplast Hybrid Resins®
combine high bio-based content with the durability and endurance of
traditional plastic, making them ideal for applications in industries
such as automotive, consumer electronics and packaging. Learn more at www.cereplast.com

Safe Harbor Statement

Matters discussed in this press release contain forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995. When used in this press release, the words
“anticipate,” “believe,” “estimate,” “may,” “intend,” “expect” and
similar expressions identify such forward-looking statements. Actual
results, performance or achievements could differ materially from those
contemplated, expressed or implied by the forward-looking statements
contained herein. These forward-looking statements are based largely on
the expectations of the Company and are subject to a number of risks and
uncertainties. These include, but are not limited to, risks and
uncertainties associated with: the impact of economic, competitive and
other factors affecting the Company and its operations, markets,
product, and distributor performance, the impact on the national and
local economies resulting from terrorist actions, and U.S. actions
subsequently; and other factors detailed in reports filed by the Company.

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