Cereplast Inc., a California-based designer and manufacturer of bio-based plastic resin, has selected a site in Seymour, Ind., on which to locate a facility that is being billed as the world’s largest bio-based plastic resin plant.
Bio-based plastic resin utilizes plant starches instead of petroleum. The end product is used as a substitute for petroleum-based plastics in processes such as injection molding, thermoforming and extrusions.
“Companies are attracted to the fact that the resins have nearly the same physical characteristics and price points as traditional polyolefins while plastics manufacturers immediately appreciate that they can process the bio-based resins on conventional equipment,” said Cereplast President and CEO Frederic Scheer. Scheer noted that “because the bio-based resins contain less petroleum products, they are less susceptible to volatility in oil prices, and this stability and transparency of future pricing has also proven very attractive to our customers.”
Cereplast is investing more than $7 million to equip an existing 100,000-s.f. industrial building in Seymour for its new manufacturing and distribution facility, which will create up to 200 new jobs.