Bioplastics maker Cereplast Inc. has received new funding from a group of European investors led by a Swedish bank.
In a July 20 news release, officials with Hawthorne, Calif.-based Cereplast did not specify the amount of funding they received from the group, which was led by an unnamed Swedish bank and included Zurich Cantonal Bank of Switzerland. But Cereplast Chairman and CEO Frederic Scheer said the additional capital “allows [Cereplast] to move forward aggressively in a very challenging economic environment.”
US PRESIDENT Barack Obama's focus on curbing greenhouse gas emissions is raising the profile of polymers based on renewable resources. The president's proposed new energy and environment bill is alerting consumers and retailers to the importance of cutting carbon emissions, says Marc Verbruggen, chief executive of US-based biopolymer producer NatureWorks.
Listen to an audio clip from the interview with Marc Verbruggen
BIO update - Next generation bioplastics