Cereplast to Transform Algae into Bioplastics

Cereplast
2009-10-20

Breakthrough technology could eventually replace 50% or more of petroleum-based plastics content with algae-based resins

HAWTHORNE, Calif.—October 20, 2009 - Cereplast, Inc. (OTCBB:CERP), manufacturer of proprietary bio-based sustainable plastics, announced that it has been developing a breakthrough technology to transform algae into bioplastics and intends to launch a new family of algae-based resins that will complement the company’s existing line of Compostables® & Hybrid ®resins.

Cereplast algae-based resins could 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 and Ingeo® PLA.

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State grant continues ethanol corn research (MI)

Thursday, July 17, 2008
ANDY HOAGTHE SAGINAW NEWS

A new state consortium has awarded financial grants to two mid-Michigan universities in hopes of jump-starting the economy.

The Michigan Initiative for Innovation and Entrepreneurship, a group of Michigan's public universities, announced its first grants Wednesday -- including ones to Saginaw Valley State University and Central Michigan University.

The organization will distribute about $1.3 million to 20 projects.

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Kansas Bioscience Authority awards $4.85M in grants

Wednesday, July 16, 2008
Wichita Business Journal - from the Kansas City Business Journal

The Kansas Bioscience Authority announced four grants totaling $4.85 million to help companies in the state.

MGP Ingredients Inc. (Nasdaq: MGPI) of Atchison will receive $500,000 to develop and further commercialize biobased, biodegradable resins to replace plastic. The resin can be used for products such as disposable cutlery, DVD cases and bottle caps. The project is expected to create 54 jobs, with $9.9 million in capital investment to build production capacity in Onaga, Kan.

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