Cereplast Announces New Bioplastic Resin Grade With 51% Algae Biomass
EL SEGUNDO, Calif., April 30, 2013 (GLOBE NEWSWIRE) -- Cereplast, Inc. (OTCQB:CERP) (the "Company"), a leading manufacturer of proprietary biobased, compostable and sustainable bioplastics, today announced a new bioplastic resin grade Biopropylene® A150D, an injection molding grade manufactured with 51% post-industrial algae biomass.
The post-industrial algae grade is the first offering with 51% algae content and will be commercially available this quarter. Additionally, the biomass content dramatically reduces the carbon footprint of the final product while reducing the petroleum-based plastic content. Biopropylene A150D has low to no odor due to the discovery of a post-industrial process that significantly reduces the distinctive smell that is inherent to algae biomass. The color of the material is medium to dark green and can be colored to dark brown, black or a darker green for color consistency. A matte or shiny surface can be accomplished based upon mold surface and process conditions. Biopropylene A150D can be processed on existing conventional electric and hydraulic reciprocating screw injection molding machines, and is recommended for thin wall injection molding applications. Biopropylene A150D meets CONEG and ROHS requirements.
"Our technology is at the forefront of the algae bioplastics market," commented Mr. Frederic Scheer, Chairman and CEO of Cereplast. "We consider this new grade to be an important milestone in our quest for new polymers. Our R&D and manufacturing team has done tremendous work and we are excited about the potential outcome. The introduction of our newest grade Biopropylene A150D is significant due to the high percentage of algae biomass content; the greater the algae content, the lower the carbon footprint of the final product. This is an important achievement as our subsidiary Algaeplast works toward the goal of manufacturing polymers made from 100% algae content. We believe Algaeplast can reach this next frontier within the next three years. Algae will allow us to serve a large market of highly engineered polymers at very competitive pricing."
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