Cereplast Inc. (NASDAQ: CERP) is a bioplastics designer and manufacturer.[1] Cereplast uses corn, tapioca, potatoes and algae, including polylactic acid polymer (PLA), to produce compostable[2] 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.[3]
In March 2010, Cereplast opened its manufacturing facility in Seymour, Indiana. The facility has an 80MM pound production capacity.[4] Cereplast corporate headquarters are located in El Segundo, California.
Cereplast founder and CEO Frederic Scheer is the Chairman of the Society of the Plastics Industry (SPI) Bioplastics Council.[5] Scheer also founded the Biodegradable Products Institute (BPI).
Cereplast is the recipient of the 2009 Environmental Stewardship Award from the Society of Plastics Engineers (SPE) for developing a new family of resins called ‘Cereplast Hybrid Resins®’. These resins are a proprietary blend of up to 50% renewable materials and offer similar properties to traditional polypropylene.[6]