More renewable sourced plastic resins are coming. Cereplast, announced that it expects to produce and ship approximately 16 million pounds of compounds this year, a 400 percent increase compared to 2009.
Cereplast produces thermoplastic starch compounds and buys polylactic acid from NatureWorks and produces custom compounds in a recently opened plant in Indiana with a capacity of 80 million lbs/yr.
Cereplast recently entered into new global distribution agreements with a number of companies, Ashland Distribution and Bunge Alimentaris, a Brazilian subsidiary of Bunge Limited. These distribution agreements are a contributing factor to the rise in shipment estimates.