Cereplast, Inc. (OTCBB:CERP ), manufacturer of bio-based, sustainable plastics, announced today its multi-year contract with Pace Industries, a maker of high quality printable plastic sheets and rolls for the graphic arts industry. Cereplast’s proprietary resin will be used in Pace’s new line of custom sheet and roll products.
Cereplast Compostables products are renewable, ecologically sound substitutes for petroleum-based plastic that replace nearly 100% of the petroleum-based additives with bio-based material such as corn, wheat, tapioca and potato starches. Making plastic from renewable resources allows Cereplast resins to be cost competitive with traditional plastics, especially as oil prices increase to more than $100 per barrel.
"We continue to identify new applications for our Cereplast CompostablesTM line of resins," said Frederic Scheer, chairman and CEO, Cereplast. "Pace’s new line of BIOGRAPH.icsTM printing materials gives the graphic design community a new way to incorporate sustainability into their artwork."
BIOGRAPH.icsTM is compostable as per ASTM 6400-04. This means it will biodegrade (return to its basic organic elements) in 180 days or less when disposed of in an industrial composting facility.
"Pace has been the leading supplier to the Graphics Arts Market for over 20 years," said Blake Pace, president, Pace Industries. "While we have always focused on efficiency and conservation through the three R’s – reduce, reuse and recycle – consumer markets and our customers demanded more sustainable options. BIOGRAPH.icsTM meets that demand. In fact, we speak of it in terms of the fourth R – replace – in that it replaces non-renewable fossil-fuel based products."
About Pace Industries
Founded in 1986, Pace Industries Inc. is the leading extrusion manufacturer of plastic sheet and roll products for the graphic arts industry.
About Cereplast, Inc.
Cereplast, Inc. designs and manufactures proprietary bio-based, sustainable plastics which are used as substitutes for petroleum-based plastics in all major converting processes – such as injection molding, thermoforming, blow molding and extrusions – at a pricing structure that is competitive with petroleum-based plastics. On the cutting-edge of bio-based plastic material development, Cereplast now offers resins to meet a variety of customer demands.
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