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People & Business :: M&A
Cereplast creates algae bioplastics subsidiary Algaeplast
11:12 AM MST | February 20, 2013 | Lindsay Frost
Cereplast, a manufacturer of biobased plastics, has created a new subsidiary, Algaeplast, to focus on development and manufacturing of algae-based plastics. Cereplast announced plans to develop a bioplastic made from 50% algae biocontent in 2009, and says its ultimate goal is to reach and market polymers made from 100% algae content. "With recent developments made in the algae-to-oil process, the company believes it will reach its goal [of a polymer with 100% algae content] within less than 5 years, either solely or in partnership with other significant...
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