New transaction in the field of bioplastics. Cereplast, a leading US manufacturer of proprietary biobased, compostable and sustainable bioplastics, that since 1996 has the exclusive North American distribution rights to Novamont’s Mater-Bi resins, has announced the incorporation of a new wholly owned subsidiary, Algaeplast, Inc.
Algaeplast’ s focus will be the development and manufacture of algae-based bioplastics. Cereplast has been a pioneer in algae-based plastics, helping to bring the first products made from Cereplast Algae Bioplastics grades to market in 2011, and with the recent commercialization of Biopropylene 109D in December of 2012.
Cereplast introduced the concept in late 2009, with a target of reaching a bioplastic made from 50% algae bio-content. Algaeplast’s ultimate goal is to bring to market new polymers made from 100% algae content. Recently, the Company commercialized small quantities of Biopropylene 109D, a compound with 20% post-industrial algae biomatter. The research and development team is currently developing a grade with a higher percentage of algae bio-content. Based on customer interest, the company has determined that the demand for bioplastics made from algae is significant, and therefore has created Algaeplast, which will focus on this new sector. Algaeplast has been created to develop a new monomer and polymers made from algae.
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Aduro Biopolymers, a natural resource materials and biopolymer company based in Hamilton, New Zealand, hopes to see its meat-based bioplastic, called Novatein, in commercial use by 2016 or 2017. The company, that is a spin-out of the University of Waikato, has announced it has secured investment from Wallace Corporation, by volume New Zealand’s largest service rendering business, processing a variety of co-products from the meat processing industry.
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