Cereplast Advances Algae Bioplastics Development Process, Achieving Increased Sustainability and Lower Costs ~ Company Leverages Algae Biomass Generated from Post-Industrial Processes ~ Type of Algae Used Does Not Impact Food Chain Seymour, Indiana, Sept. 17, 2013 (GLOBE NEWSWIRE) -- Cereplast, Inc. (OTCQB: CERP), a leading manufacturer of proprietary biobased, compostable and sustainable bioplastics, is advancing in the research and development stage in preparation to bring to the market a more sustainable and cost efficient process for the development of algae bioplastic resins. By using an algae biomass selection process in which food-based materials are not fed to the algae for growth, the food chain is not impacted, increasing sustainability. The material is also expected to lower costs in algae bioplastics development by deploying post-industrial processes, enabling the re-use of materials. Algaeplast, a wholly owned subsidiary of Cereplast, develops algae-based bioplastics, leveraging post-industrial processes such as nutrient recovery from effluent waste streams and from carbon dioxide sequestration systems. As the algae biomass derived from these processes have already served a primary purpose, the secondary use of the material results in cost savings and increased efficiency due to material re-usage. In addition, Algaeplast does not use algae fed with food-based materials for growth. Algaeplast is the only company utilizing this criterion for the production of algae bioplastics. "In a world in which the population is growing at a fast pace and demand for food and feedstock are on the rise, the use of feedstock for non-food purposes is often debated," said Frederic Scheer, Chairman and CEO of Cereplast. "A typical biofuel company will use a fermentation process that grows algae fast and with a high lipid content, but uses sugar as the carbon source. Cereplast's future family of bioplastics will leverage an algae source rich in ingredients suitable for plastic development, but also has no effect on the food chain, resulting in a sustainable and population conscious plastic alternative." Algaeplast has four demonstration grades of algae in polypropylene with an algae biomass content from 15% to 51%. A newly commercialized grade includes algae in a thermoplastic elastomer (TPE). These grades show the ability for Algaeplast to formulate with algae biomass in TPE, polypropylene (PP), Polyethylene (PE), Ethylene Acrylate (EA), and other polymers. The ability to make algae biomass compatible in polymers has been practiced by Cereplast for several years. Scheer added, "Cereplast is committed to being at the forefront of algae bioplastics development as we see tremendous demand and opportunity for this type of resin." Algaeplast has several development programs in process for customer specific applications. The materials Algaeplast is working on are expected to become available in the second half of 2016. 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. CONTACT: Contact: Cereplast, Inc. Public Relations Nicole Robertson 812.220.5400 X1013 email@example.com Investor Relations: Alliance Advisors, LLC Valter Pinto 914-669-0222 x201 firstname.lastname@example.org www.AllianceAdvisors.net Cereplast, Inc. Logo
Cereplast Advances Algae Bioplastics Development Process, Achieving Increased Sustainability and Lower Costs
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