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Metabolix Announces New Gift Card by Target Corporation Made from Mirel Biobased Plastics |
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Metabolix Inc. (NASDAQ: MBLX), a bioscience company focused on developing clean, sustainable solutions for plastics, fuels, and chemicals, today announced that a new gift card by Target (NYSE: TGT) made using Mirel(TM) biobased plastic is now available in 129 Target stores nationwide.
Mirel is a new family of biobased plastics made from corn that provides an excellent alternative to traditional, petroleum-based plastics. Unlike conventional plastics, Mirel biodegrades in a variety of environments including soil, home compost, wetlands, rivers and oceans.
Metabolix and Archer Daniels Midland (NYSE: ADM) are producing and marketing Mirel through their joint venture, Telles. The company is currently working with more than 50 prospects on more than 70 applications, including consumer products, packaging, single-use disposables, and products used in agriculture and erosion control.
Source: Metabolix
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