"This is a significant step in Cereplast's evolution," said Frederic Scheer, Chairman and CEO of Cereplast. "The development of this plant in Italy reflects Cereplast's continued commitment to providing bioplastic resin to meet soaring demand for this material in the European market. After exploring possible sites in several countries in Europe, we identified a central location in Italy, where we have established several strong distribution relationships. In addition, the Italian government has expressed its strong support for the development and use of bioplastics, therefore it was the obvious location choice for our plant." Scheer continued, "Currently, 85% of our business is based in Europe. We believe this new plant will create efficiencies, reduce transportation costs and minimize risks in our business. The market for bioplastics in the European Union is expected to be one million tons by 2014 according to European Plastics. This new manufacturing facility will position Cereplast to effectively serve that expanding market."

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