Manufacturing Industry
Bio-resin JV sets launch date.(Metabolix Inc. and Archer Daniels Midland Co.)
Plastics News, February, 2006 by Griswold, Matt
Byline: Matt Griswold A joint venture between bio-resin maker Metabolix Inc. and agricultural firm Archer Daniels Midland Co. will build a plant capable of making as much as 100 million pounds annually of their new organic bio-resin, the companies announced Feb. 13. They tout their natural plastic - polyhydroxyalkanoate - as the first commercially viable 100 percent organic plastic.
Both Metabolix and ADM officials said the goal is to have the plant operating in 2008. Other than the capacity, neither company disclosed details on the size or location of the facility. PHA, based on corn sugar and made through microbial fermentation, sells for about $1.50-$2 per pound, though there's hope that over time, that price could drop to about $1. PHA's primary...
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