Seymour, Indiana, Nov. 5, 2013 (GLOBE NEWSWIRE) -- Cereplast, Inc. (OTCQB:
CERP) (the "Company"), a leading manufacturer of proprietary
biobased, compostable and sustainable bioplastics, today is
providing an update on the legislative climate in the United States
and the potential opportunities it is creating for the bioplastics
industry. Regional and federal laws could create $180 million in
annual bioplastics industry revenue, of which Cereplast expect to
pick up several million in 2014 and beyond to supply resin used for
the manufacture of food serviceware and compostable trash bags.
The Federal Trade Commission (FTC) recently announced several
enforcement actions against plastics companies for not complying
with the FTC Green Guides. This marks the first time the agency is
addressing biodegradable plastic claims. The enforcement actions
relate specifically to companies making unsupported and allegedly
false claims that additives make their conventional plastics
biodegradable. Countries around the world are taking a stand
against these types of additives since, unlike compostable
bioplastics, they cannot be verified by any standard specification.
On the other hand, internationally established and acknowledged
standards exist to substantiate claims regarding the
biodegradability/compostability of bioplastics. The absence of
these types of additives in the marketplace would be a win for the
bioplastics industry.
Additionally, cities across the United States are taking steps
toward developing composting infrastructures, with San Francisco
and Portland as pioneers in this movement. More recently, in New
York City, Mayor Michael R. Bloomberg is taking steps to implement
a composting program in an effort to reduce waste in the city. With
the expanse of composting infrastructures around the country, the
demand for bioplastics is growing. Certified compostable
bioplastics will biodegrade within 180 days or less, making them
the perfect solution for single-use disposable food service ware.
Carry-out containers, utensils, cups and straws made from
compostable bioplastics can be disposed of with food waste in
industrial composting facilities, significantly reducing the amount
of food waste and plastic waste that winds up in landfills.
Cereplast Compostables resins are biodegradable by industrial
composting in the United States and in Europe meeting the ASTM
D6400 or EN 13432 standards for compostability. Many grades have
BPI and/or DIN Certco certification.
Chairman and CEO of Cereplast Mr. Frederic Scheer commented, "We
are extremely pleased to see the FTC taking a stance against false
marketing claims that harm the bioplastics industry. We are also
pleased to see cities such as New York moving toward composting
their waste. This is a tremendous opportunity for the Company, and
we are aggressively targeting sales developments in the
region."
About Cereplast, Inc.
Cereplast, Inc. (OTCQB:CERP) designs and manufactures
proprietary biobased, sustainable bioplastics which are used as
substitutes for traditional plastics in all major converting
processes - such as injection molding, thermoforming, blow molding
and extrusions - at a pricing structure that is competitive with
traditional plastics. On the cutting-edge of biobased plastic
material development, Cereplast now offers resins to meet a variety
of customer demands. Cereplast Compostables® resins are ideally
suited for single-use applications where high biobased content and
compostability are advantageous, especially in the food service
industry. Cereplast Sustainables® resins combine high biobased
content with the durability and endurance of traditional plastic,
making them ideal for applications in industries such as
automotive, consumer electronics and packaging. Learn more at
www.cereplast.com. You may
also visit the Cereplast social networking pages at
Facebook.com/Cereplast, Twitter.com/Cereplast and
Youtube.com/Cereplastinc.
CONTACT: Contact:
Cereplast, Inc.
Public Relations
Nicole Robertson
812.220.5400 X1013
nrobertson@cereplast.com
Investor Relations:
Alliance Advisors, LLC
Valter Pinto
914-669-0222 x201
valter@allianceadvisors.net
www.AllianceAdvisors.net
