This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Italian Senate Approves Plastic Bag Sanctions

Stocks in this article: CERP

EL SEGUNDO, Calif., Feb. 12, 2013 (GLOBE NEWSWIRE) -- Cereplast, Inc. (OTCQB:CERP), a leading manufacturer of proprietary biobased, compostable and sustainable bioplastics, is pleased to announce that the Italian Senate approved the legislation that mandates the discontinuation of traditional single-use plastic bags in favor of bioplastic bags or other alternatives, and penalizes those who continue to use traditional plastic bags. Senator Francesco Ferrante announced the approval of the Application Decree last week stating, "Finally, we will make Italy the first plastic-free European country for the single-use plastic bag sector." The Decree has been signed by the Ministers and is currently undergoing the proper administrative process toward formal publication. The sanctions will then become effective and applicable 60 days from publication.

Merchants must make the switch to biodegradable and compostable bags and stop using traditional single-use plastic bags within 60 days from the date of publication, or sanctions for non-compliance will be enforced. The fines for non-compliance range between €2,500 and €25,000, and may be increased up to four times the maximum violation if it applies to large quantities of bags, or if the value of the goods exceeds 20% of the total use of the offender.

Italian Minister of the Environment Corrado Clini stated, "The opinion expressed by the Senate is an important step to actually make our country plastic-free. We will constantly monitor compliance to ensure that this objective can be achieved quickly and effectively."

The Application Decree specifies the following:

  • Disposable bags used for the removal of goods must be compostable in accordance with the European standard for compostability: EN 13432:2002
  • Reusable bags with an external handle that are composed of polymers that do not meet EN 13432:2002 with a thickness exceeding 200 microns must contain a minimum 30% recycled plastic if intended for food use; the thickness must exceed 100 microns and contain a minimum 10% recycled plastic if not intended for food use.
  • Reusable bags without an external handle that are composed of polymers that do not meet EN 13432:2002 with a thickness greater than 100 microns must contain 30% recycled plastic if intended for food use; the thickness must exceed 60 microns and contain a minimum 10% of recycled plastic if not intended for food use.
  • Reusable bags for the removal of goods made from paper, fabrics made from natural fibers, polyamide fibers and materials other than polymers are permitted
  • The law does not permit the use of oxo-biodegradable additives

In the wake of this news, Arnaud Montebourg, the French Minister of Industrial Renewal, stated, "Like Italy, France favors the use of biodegradable plastic bags for all single-use bags. An important first step by the end of the year will be to encourage the use of biodegradable shopping bags."

1 of 2

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,959.44 +154.64 0.87%
S&P 500 2,078.54 +7.89 0.38%
NASDAQ 4,781.4240 +16.0440 0.34%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs