| Herald Tribune: Bioplastics have a small but growing market |
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For Dennis McGrew, chief executive of NatureWorks, the high price of crude oil and natural gas is not unwelcome news. NatureWorks, formerly Cargill Dow, produces a plastic made from plant stalk, not fossil fuel. McGrew, a former plastics executive at Dow Chemical, says that as prices for fossil fuels soar and as the environment becomes an ever larger concern, ecofriendly plastics are becoming increasingly competitive, though they still remain a niche market. That bioplastics are trending upward is clear. In the past month, a number of large chemical concerns have increased their commitment to market segment, including Braskem, the largest Brazilian petrochemical group, and Dow Chemical. In September, Plantic Technologies of Australia announced that DuPont would market its starch-based resins and sheet plastics in North America, a new market for a company previously limited to selling in Europe and Australia. Bookmark this page!      |
| Source: | iht.com |
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