Sustainable plastics manufacturer Cereplast (El Segundo, CA) will establish a 100,000 tons/yr bioplastics manufacturing plant in Italy, bringing production into the region that generates 85% of its business. The eventual 100,000 tons (220 million lb) of capacity will be built out in several phases, with 50,000 tons of initial production expected to start up in late-2012. The second 50,000-ton phase is planned to begin in mid-2013, based on market demand.
Frederic Scheer, Cereplast's chairman and CEO, sees that demand coming, citing a European Plastics study stating that the market for bioplastics in the European Union is expected to be 1 million tons by 2014. "We believe this new plant will create efficiencies, reduce transportation costs, and minimize risks in our business," Scheer said. "This new manufacturing facility will position Cereplast to effectively serve that expanding market."...