| Bioplastics will be all the rage |
|
Want to profit off the environment in a good way? Invest in bioplastics. At least that can be the take away from new data from the European Bioplastics Association. In a new report it says a million tons of bioplastics will replace traditional petroleum-based plastic products by 2011.
Combine that with the antiplastics movement raging around the world and
you have the makings for another product to step in and take plastic's
place.
One of the most
prevalent chemicals used in plastics is petroleum. When the word
"plastics" was famously uttered in the film "The Graduate," oil was
trading at just over $2 per barrel. Obviously now the economics have
changed.
Moreover, plastics
don't biodegrade for hundreds of years; they just get smaller and
smaller. With billions and billion of pounds of plastics produced per
year, the waste problem adds up. For example, if we just refilled one
of the 80 or so million plastic water bottles that we use in the United
States per day, we'd save a billion pounds of plastics from entering
landfills per year.
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| Source: | marketwatch.com |
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