SOURCE: Industrial Info Resources

June 24, 2008 06:30 ET

European Bioplastics: Global Bioplastics Industry Poised for Major Expansion and Innovation, an Industrial Info News Alert

JOHANNESBURG, SOUTH AFRICA--(Marketwire - June 24, 2008) - Researched by Industrial Info Resources (Sugar Land, Texas) -- The global bioplastics industry is at the beginning of a major phase of production expansion and commercial product innovation. European Bioplastics (Berlin) reports that global production will quadruple from 300,000 tons to more than 1 million tons per year by 2011. The Dow Chemical Company (NYSE:DOW) (Midland, Michigan) and Crystalsev, one Brazil's largest ethanol producers, are planning to produce 350,000 tons per year of polyethylene from sugar-cane ethanol starting in 2011. Other major companies involved in the sector include Thailand's Charoen Pokphand Group (HKG:0043) and Japan's Hitachi Zosen Corporation (TYO:7004).

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