Bioplastic Poised to Gain Market Share

source: http://greentechnolog.com/2008/06/bioplastic_poised_to_gain_market_share.html

A number of bio-based plastics have been available on the fringe of the plastics market. As petroleum prices skyrocket, these bioplastics are ready for prime-time and will replace traditional petro-based plastic. ...

... "With Dow Chemical hiking the price of its plastic products by up to 20% on June1, some types of bioplastics from Cereplast and others already cost less. If oil stays high, bioplastics could capture 20% of the global plastics market ... " ...

Via Yahoo! Finance: Bioplastics

Cereplast: "Cereplast Compostables resins meet new federal procurement guidelines for bio-based content enacted June 13 by the United States Department of Agriculture. "