There's been so much in the news lately about bad plastics -- including right here in this column -- that I thought I should write about a potentially good thing happening with them.
Bioplastics, plant-based biodegradable plastics, are gradually replacing plastics made from petroleum. They comprise only a small portion of the plastics, but as soaring prices and politics make petroleum an expensive and controversial raw material, bioplastics are an increasingly attractive alternative.
The Guardian reported recently that the sector is growing by 20% to 30% a year.
Major players include NatureWorks, owned by Cargill and Japanese company Teijin Ltd.; Mirel, a joint venture between Archer Daniels Midland (ADM - Get Report) and biotech firm Metabolix (MBLX - Get Report); Cereplast; Italian firm Novamont and Australia's Plantic Technologies, which has a marketing agreement in the U.S. with Dupont (DD - Get Report).The Biodegradable Products Institute has a list of others. The plastic fibers these companies manufacture are indistinguishable from conventional plastics. Chances are good that you've already bought products containing or packaged in bioplastic -- without even knowing it. Toyota (TM - Get Report) has used it to make components for the Prius and Raum. Novamont's bioplastic is a component in Goodyear (GT) Tires. Sony (SNE - Get Report) puts bioplastic in its Walkman. Target (TGT - Get Report) uses it for its gift cards. The brand that seems to have the most reach so far, Natureworks, has seen its plastic used to pack fresh veggies, salad greens and cut fruit sold at Wal-Mart (WMT - Get Report) and Kroger (KR), in packaging for Green Mountain Coffee Roaster (GMCR - Get Report) coffees, and in sheets sold at Target and J.C. Penney (JCP).