30 August 2011

Dow Chemical showing increased interest in bioplastics

Late to the party, but going strong

If The Graduate were made today, Mr. McGuire might not be so keen on plastics. By now it’s a mature industry, with 500 billion pounds of the stuff produced every year. But hidden in that massive trove is a segment that hopes to capture the same explosive growth predicted back in 1967. Say it with me: “bioplastics.”

Dow Chemical (NYS: DOW) generates a significant portion of its earnings ($11.6 billion worth of sales in 2010, or about a fifth of all revenue) through its plastics division. The climbing costs of petroleum and a rising tide of environmentalism have boosted interest in bioplastics.

… More at www.dailyfinance.com/2011/08/30/dow-chemical-bets-big-on-bioplastics/

Keywords: Brazil, sugarcane, polyethylene, Braskem, NatureWorks, Cereplast, Metabolix

Source: DailyFinance, 2011-08-30.

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