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

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