Press Release Summary:
Cereplast Compostable 5001Â® is bio-based foamable resin suited for thermoforming applications such as egg cartons, meat trays, and mushroom and berry boxes. Compostable foam utilizes Ingeo(TM) PLA and various biodegradable and compostable components and can be used on conventional extrusion equipment. Foam densities are up to 5 pcf. It meets needs of all converters, manufactures and brand owners interested in substituting polystyrene foam with environmentally sustainable plastic.
Original Press Release:
Cereplast Unveils Breakthrough Bio-Based Foamable Resin
Company' New Compostable 5001® to Compete with Styrofoam® and Other Foamable Petroleum-based Resins
Hawthorne, Calif. - June 15, 2009 - Cereplast, Inc. (OTC BB: CERP), developer of proprietary bio-based sustainable plastics, today announced the launch of a breakthrough bio-based foamable resin to compete with Styrofoam® and other foamable petroleum-based resins. Cereplast Compostable 5001® will complement Cereplast's existing line of Compostables®, expanding market applications for Cereplast resins. Cereplast Compostables 5001® is designed to meet the needs of all converters, manufactures and brand owners interested in substituting polystyrene foam with an environmentally sustainable plastic.
Cereplast Compostable 5001® is a compostable foam using Ingeo(TM) PLA and various biodegradable and compostable components. This breakthrough resin is ideally suited for thermo-forming application, such as egg cartons, meat trays and mushroom and berries boxes. Plastics converters need not to make new capital expenditure and can use Cereplast Compostables 5001® on conventional extrusion equipment, without process or screw changes. A foam density of 5 lb/cubic foot can be achieved using conventional equipment. Cereplast Compostables 5001® has higher thermal properties than traditional Compostables and is an ideal way for plastics manufactures to reduce their dependence on petroleum-based plastics.
Frederic Scheer, Chairman and CEO of Cereplast, stated, "Cereplast Compostable 5001® is the result of a successful research and development project which demonstrates Cereplast's technical strengths and commitment to meet the growing demand for greater sustainability from the plastic industry. The Launch of Cereplast Compostables 5001® represents an outstanding opportunity for companies across the plastic supply chain, currently using petroleum-based foam plastic resins, to reduce the industry's reliance on oil and contribute to environmental sustainability."
"A significant breakthrough for Compostable 5001® is the fact we are able to reach a density of about 5 pounds per cubic foot on a traditional screw while keeping acceptable heat deflection, modulus and impact strength," said Philippe Ravera, Cereplast's Senior Vice-President, Sales and Marketing. "Compostable 5001® is our first grade of bio-based foamable resins and we intend to introduce additional grades later this year."
Cereplast, Inc. (OTCBB:CERP) designs and develops proprietary bio-based, sustainable plastics which are used as substitutes for petroleum-based plastics in all major converting processes - such as injection molding, thermoforming, blow molding and extrusions - at a pricing structure that is competitive with petroleum-based plastics. On the cutting-edge of bio-based plastic material development, Cereplast now offers resins to meet a variety of customer demands. Cereplast Compostables(TM) are ideally suited for single use applications where high bio-based content and compostability are advantageous, especially in the food service industry. Cereplast Hybrid Resins(TM) combine the high bio-based 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.