Cereplast Inc., Hawthorne, Calif. has extended its distribution agreement with A. Schulman Inc. to include all of Europe.
“Now that we have extended our distribution agreement with A. Schulman, our resins will remain stable and cost competitive in the European market, one that is already committed to and producing renewable resource based materials commercially," says Mr. Frederic Scheer, founder, chairman and CEO of Cereplast.
Cereplast’s bioplastic resins will enable A. Schulman to launch a new offering composed of bio-based materials to customers, according to a press release from Cereplast. Under the agreement, Schulman will distribute Cereplast Compostables and Hybrids Resins to converters and manufacturers throughout Europe.
Currently, bioplastics account for less than 1 percent of the European plastics market. All Cereplast resins replace a significant percentage of petroleum-based additives with starches made out of corn, wheat, tapioca and potatoes, allowing bioplastics decompose within 180 days under the right circumstances.
“Our accord with A. Schulman also reinforces our commitment to help address the growing concern regarding the depletion of fossil fuels resources on the global stage,” says Scheer. “Coupled with A. Schulman’s success, which is seen in virtually every market in every corner of the world, we hope to continue to expand and capitalize on the bioplastics markets’ potential in Europe, for our resins because they offer sustainability gains and other benefits versus traditional plastics.”
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