| State of Massachusetts Awards Cereplast Contract |
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State of Massachusetts Awards Cereplast Contract for Bio-Based Plastics Products Follows on Heels of Inclusion in Federal Preferred Purchasing Program; Company Notes Accelerating Trend as All Levels of Government and Industry Move toward Encouraging More Environmentally Conscious Purchasing Decisions HAWTHORNE, Calif.--(BUSINESS WIRE) – Cereplast™, Inc. (OTCBB:CERP), a producer of proprietary bio-based resins used as a substitute for petroleum-based plastics, today reports that the company was recently awarded Commonwealth of Massachusetts State contract GR020, for the purchase of products made with Cereplast’s bio-based resins. The contract provides biodegradable foodservice products that comply with the Biodegradable Product Institute (BPI) standards. The foodservice products are made from Cereplast’s bio-based resins. The State of Massachusetts through the Environmentally Preferable Products Procurement Program is incentivizing state agencies and subdivisions to purchase products that have a reduced negative effect on the environment. This follows on the recently reported inclusion of Cereplast in the Federal governments’ own preferred purchasing program, aimed at encouraging federal agencies to utilize products made from bio-based plastics. Last year alone, the federal General Services Administration spent more than $23 billion dollars to purchase items for the federal government’s use. Frederic Scheer, Cereplast’s CEO, noted the “level of commitment and leadership shown by the State of Massachusetts in offering products that reduce environmental impact and improve public health is impressive and forward thinking. People are looking for products that are renewable, can be composted and remain part of the nutrient cycle. Actions like those taken by Massachusetts are at the forefront of a wave being ridden by both government and industry that is sweeping the country from coast to coast.” Emphasizing that the trend toward utilizing products made from sustainable resources is being driven by both government and industry, Scheer commented on industry’s rapid move toward encouraging the sustainability movement. “Businesses are rapidly awakening to the fact that their consumers want environmentally friendly products, and they are pouring billions of dollars into integrating sustainability into their product lines.” He noted the company’s recent alliance with Alcoa KAMA, the sheet extrusion division of Reynolds Food Packaging, an Alcoa business (NYSE:AA), to provide the bio-degradable feed stock that is turned into plastic films for the food packaging and food service industry as an example of how both industry is also racing toward a more environmentally neutral posture. Bookmark this page!      |
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