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ADM ending bioplastic venture with Metabolix; Telles to dissolve

DECATUR, ILL. (Jan. 12, 11:45 p.m. ET) — Bioplastic resin maker Metabolix Inc. is losing its commercial alliance with agricultural company Archer Daniels Midland Co. ADM said the venture is not delivering sufficient results, and that financial projections for the business are too uncertain. As a result,  Telles LLC, the Lowell, Mass.-based sales and marketing alliance formed to commercialize Mirel polyhydroxyalkanoate resin, will be dissolved.

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