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

In 1996, Frederic Scheer had a vision when he began to market the concept of compostable plastics. This vision led Cereplast from a pioneer to a leader in the bioplastics industry. Yesterday, the vision of Mr. Scheer and the team at Cereplast provided a breakthrough announcement that will change the face of their industry forever with the transformation of algae into bioplastics.

Cereplast has developed breakthrough technology to transform algae into bioplastics with the intention to launch a new family of algae-based resins that will complement the company’s existing line of Compostables and Hybrid resins.

If successful, Cereplast algae-based resins could replace over 50% of the petroleum content used in plastic resins, possibly having a profound effect on the oil industry. Such companies as Exxon and BP have started to invest money in the algae production business because of the potential in their industry.

Mr. Scheer, who is not only

Cereplast, Inc. announced this morning that the company has received financing from a European group of investors led by a major bank in Sweden. The company will use the funding to implement its new strategic plan to accelerate growth as well as finance manufacturing supply agreements for the company’s major customers.

“The additional capital allows us to move forward aggressively in a very challenging economic environment,” stated Frederic Scheer, Chairman and CEO of Cereplast. “This investor group clearly understands the rapidly growing market opportunity for bio-plastics and has endorsed our business model that leverages our proprietary product development capabilities and marketing strengths.”

“The new licensing structure has the potential to help Cereplast land contracts with large packaging companies, which require large quantities of resin in a short time,” commented Rene Nicolodi, senior sustainability analyst at Zuercher Kantonalbank (Zurich Cantonal Bank), which began looking at Cereplast two years ago as a

Bio-based sustainable plastics developer Cereplast, Inc. announced the launch of a breakthrough foamable resin to compete with Styrofoam® and other foamable petroleum-based resins. Cereplast Compostable 5001® will complement and expand Cereplast’s existing line of Compostables®. Cereplast Compostables 5001® is designed to meet the needs of all converters, manufactures and brand owners interested in substituting polystyrene foam with an environmentally sustainable plastic.

Cereplast Compostable 5001® is a compostable foam that uses Ingeo™ PLA and various biodegradable and compostable components, making the resin ideally suited for thermo-forming application. Plastics converters can use Cereplast Compostables 5001® on conventional extrusion equipment without process or screw changes and do not need new capital expenditure. Cereplast Compostables 5001® provides an innovative way for plastics manufactures to reduce their dependence on petroleum-based plastics.

Frederic Scheer, Chairman and CEO of Cereplast, stated, “Cereplast Compostable 5001® is the result of a successful research and development project which demonstrates Cereplast’s technical

Cereplast, Inc., a manufacturer of proprietary bio-based, sustainable plastics, announced that it will be supplying Absorbent Specialty Products with its bioplastic resin for the company’s new “Bio-Bones” Bone Replacement Prosthetics.

“We’re very pleased that Absorbent Specialty Products selected our Compostables® resin for its Bio-bones product line,” said Frederic Scheer, Chairman and CEO of Cereplast. “It is encouraging to see more and more manufacturers developing and manufacturing products using sustainable alternatives to petroleum-based plastic products.”

“We selected the Cereplast resin because of its natural ability to burn clean and turn to ash during cremation, as opposed to melting and emitting toxic fumes, as well as its strength and durability,” said Carol Dancer, President of Absorbent Specialty Products. “There are other products on the market for bone reconstruction, but Cereplast provided our company with a complete solution.”

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Cereplast, Inc. (OTCBB: CERP), has announced that they have started to supply biodegradable resin for a new line of tableware by WNA, Inc.

WNA recently launched the Earth Sense line of high-quality disposable plates and cutlery. They will be made with Cereplast’s renewable and ecologically sound resin made of such materials as corn, wheat, tapioca and potato starches. These substitute for petroleum-based plastics.

“We are very pleased about working with WNA and with the growing demand and applications for our Compostables family of resins,” said Frederic Scheer, Cereplast chairman and CEO. “This represents a multi-million pound (£) opportunity for our company. As consumers become more concerned about their impact on our environment, more and more converters and manufacturers are responding with environmentally-sound and cost-competitive alternatives.”

With plans to expand elsewhere, WNA’s EarthSense line will be initially available in California, where there are more commercial facilities able to process bio-based disposables.

“We have seen