December 3, 2012
Metabolix Now Shipping MveraTM B5008 Compostable Film Grade Resin
New Certified Compostable Resin Ideal for Compost Bags and Retail Shopping Bags
CAMBRIDGE, Mass.--(BUSINESS WIRE)-- Metabolix, Inc. (NASDAQ: MBLX), an innovation-driven bioscience company focused on delivering sustainable solutions for plastics, chemicals and energy, today announced that MveraTM B5008, a new certified-compostable film grade resin, is now available for shipment to customers. Compounded in Europe for local markets and widely available for global customers, Mvera B5008 is designed for applications including compost bags, can liners used for organic waste, as well as shopping and retail bags that can be reused as compostable organic waste bags.
Mvera B5008 is certified by Vinçotte to meet the EN 13432 standard for compostable plastics. The compostable film resin is designed for blown/cast film processing and exhibits many of the same performance qualities of petroleum-based resins, including:
• Excellent melt strength
• Tough, tear-resistant film
• Good barrier properties
• Good adhesion with other compostable polymers
"With growing consumer demand for sustainable products and governments across the globe implementing regulations governing the use of petroleum-based plastics, innovative organizations are looking to certify compostable films as a more sustainable alternative," said Bob Engle, vice president, commercial development of biopolymers at Metabolix. "With Mvera B5008, Metabolix is enabling converters, brand owners and forward-thinking organizations to utilize new compostable materials without compromising quality or performance. Metabolix is committed to providing customers in global markets with more sustainable alternatives that enable them to satisfy consumer demands, differentiate brands and meet evolving government regulations."
Product information on Mvera B5008, including a data sheet and processing guide, can be found at www.metabolix.com.
Metabolix, Inc. is an innovation-driven bioscience company delivering sustainable solutions to the plastics, chemicals and energy industries. Metabolix is developing and commercializing MirelTM and Mvera,TM a family of high-performance bioplastics which are biobased and biodegradable alternatives to many petroleum-based plastics. Metabolix's biobased chemicals platform utilizes its novel "FAST" recovery process to enable the production of cost-effective, "drop-in" replacements for petroleum-based industrial chemicals. Metabolix is also developing a platform for co-producing plastics, chemicals and energy from crops. Metabolix has established an industry-leading intellectual property portfolio that, together with its knowledge of advanced industrial practice, provides a foundation for industry collaborations.
For more information, please visit www.metabolix.com. (MBLX-G)
Safe Harbor for Forward-Looking Statements
This press release contains forward-looking statements which are made pursuant to the safe harbor provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The forward-looking statements in this release do not constitute guarantees of future performance. Investors are cautioned that statements in this press release which are not strictly historical statements, including, without limitation, statements regarding the market for Mvera™ B5008 constitute forward-looking statements. Such forward-looking statements are subject to a number of risks and uncertainties that could cause actual results to differ materially from those anticipated and are detailed in Metabolix's filings with the Securities and Exchange Commission. Metabolix assumes no obligation to update any forward-looking information contained in this press release or with respect to the announcements described herein.
Media and General Inquiries:
Lynne H. Brum, 617-682-4693
Schwartz MSL Boston
Keith Giannini or Kirsten Swenson, 781-684-0770
James Palczynski, 203-682-8229
Source: Metabolix, Inc.
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