Cereplast algae-based resins have the potential to replace 50% or more of the petroleum content used in traditional plastic resins. Currently, Cereplast is using renewable material such as starches from corn, tapioca, wheat and potatoes in the manufacture of bio-based resins. Algae-based resins will complement the Company’s existing line of Compostables and Hybrid resins.

Algae-based resins represent the latest advancement in bioplastics technology and our product development efforts over the last several months has yielded very encouraging results. The properties of hybrid materials that we have developed with algae are now very close to meeting our expectations, and are on target to introduce a new family algae-based plastics by the end of the year. In the not so distant future, we believe that algae will become one of the most important “green” feedstocks in bioplastics as well as biofuels.

—Frederic Scheer, Founder, Chairman and CEO of Cereplast, Inc.

Cereplast is currently in contact with several companies that plan to use algae to minimize the carbon dioxide and nitrous gases from polluting smoke-stack environments. Algae from a typical photo-bioreactor is harvested daily and may be treated as biomass, which can be used as biofuel or as a raw material source for biopolymer feed stock. The Company is also in direct communication with potential chemical conversion companies that could convert the algae biomass into viable monomers for further conversion into potential biopolymers.