Cereplast Positioned to Serve Rapidly Growing Asia-Pacific Bioplastics Market
Seymour, Indiana, Sept. 10, 2013 (GLOBE NEWSWIRE) -- Cereplast, Inc. (OTCQB:
CERP), a leading manufacturer of proprietary biobased, compostable and
sustainable bioplastics announced today it is strongly positioned to meet
soaring demand for bioplastic resins in the Asia-Pacific market. The region is
forecasted to gain the highest global growth rate of 25.7% during the period
of 2011 through 2016, according to a 2013 report by Research and Markets.
Cereplast provides the global market with its innovative range of bioplastic
resin designed for multiple purposes.
Cereplast recently generated $450,000 in India for its bioplastics resins and
new contracts are expected going forward. These contracts are indicative of
the expected surge in market growth. Key factors driving increased volume in
the bioplastic market include escalating fossil fuel prices, the effort to
decrease dependence on fossil fuels, wider consumer acceptance of plastic
alternatives, rise in demand for eco-friendly packaging materials, and the
need to better protect and preserve the environment from the perils of
plastics. Each has resulted in regulations banning the use of plastic bags in
various countries across the globe.
Given the surge and versatility of petroleum prices, Cereplast Sustainables®
resins provide a competitive pricing structure for products traditionally made
with fossil fuel-based plastics, given the surge in petroleum prices.
Cereplast Sustainables® can replace up to 95% or more of the petroleum content
used in traditional plastics and provide a lower carbon footprint for durable
applications such as automotive, consumer goods, fashion accessories, consumer
electronics, medical packaging, cosmetics packaging, toys, furniture, office
supplies, home accessories and construction. The Cereplast Sustainables resins
include the Cereplast Bio-polyolefins® grades, as well as Ethylene Acrylate,
Polylactic Acid and Polypropylene-filled biobased resins.
Cereplast Compostables® are commonly used for the manufacturing of single use
disposables and packaging materials (e.g. cups, straws, cutlery and bags).
Demand for these types of products are typically driven by regulations
intended to combat pollution issues and safeguard the environment.
Cereplast's intellectual property portfolio consists of more than 20 patents
and patent applications in the United States and worldwide.
About Cereplast, Inc.
Cereplast, Inc. (OTCQB:CERP) designs and manufactures proprietary biobased,
sustainable bioplastics which are used as substitutes for traditional plastics
in all major converting processes - such as injection molding, thermoforming,
blow molding and extrusions - at a pricing structure that is competitive with
traditional plastics. On the cutting-edge of biobased 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 biobased content and compostability are advantageous,
especially in the food service industry. Cereplast Sustainables® resins
combine high biobased 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. You may
also visit the Cereplast social networking pages at Facebook.com/Cereplast,
Twitter.com/Cereplast and Youtube.com/Cereplastinc.
Nicole Robertson 812.220.5400 X1013 email@example.com
Alliance Advisors, LLC Valter Pinto
914-669-0222 x201 firstname.lastname@example.org www.AllianceAdvisors.net
Cereplast, Inc. Logo
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