Cereplast, Inc. (CERP.OB) Projects Bio-Plastics to Capture 30% of U.S. Market, Topping $10B by 2020
QualityStocks (November 11th, 2009) Writes:
Cereplast, Inc., a pioneer in the manufacture of plastics which derive largely from resins based on plant starches, released news announcing projections for its market sector.
Expecting a ten-fold sales increase in the U.S. bio-plastics market by 2020, the Company cited the $1B sales figures from 2007 and estimates which show that, within ten years, bio-plastics could represent up to an astonishing 30% of the total plastics market.
With the Obama administration leaning heavily toward a green economy and increasing demand from consumers for biodegradable products, Cereplast is poised to cash in on the “green” economy and return substantial value to its investors. Through its proprietary technology and manufacturing know how, Cereplast is ready to capture the explosive growth of this sector, with offerings like Cereplast Compostables® and Cereplast Hybrids®, which are certified compostable in the U.S. and Europe.
CEO and founder of Cereplast, Frederic Scheer, spoke of their breakthrough
...algae-based bio-plastics, Asia, bio-plastics, biodegradable products;, CEO and founder, Cereplast Inc, Coca Cola, Consumer Electronics, Europe, food service, Frederic Scheer, Investing Lessons, Kaiser Consultancy, Obama administration, Plastics, Small & Micro Cap, United States, USD, Wal Mart


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