Cereplast Inc. (NASDAQ: CERP) is a bioplastics designer and manufacturer, with corporate headquarters in El Segundo, California. Cereplast uses corn, tapioca, potatoes and algae, including polylactic acid polymer (PLA), to produce compostable plastic resins designed to serve as an alternative to petroleum-based plastics. Cereplast’s expandable resin ranges are used worldwide in the food packaging, food service, automotive, consumer electronics, cosmetics and consumer packaging industries.
Cereplast received the 2009 Environmental Stewardship Award from the Society of Plastics Engineers (SPE) for developing a new family of hybrid resins consisting of a proprietary blend of up to 50% renewable materials, with properties similar to traditional polypropylene.
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