Construction firm invests in bioplastics maker Meredian

By Frank Esposito
Senior Staff Reporter

Published: August 15, 2014 10:22 am ET
Updated: August 15, 2014 10:27 am ET

Image By: Meredian Inc.

Related to this story

Topics Sustainability, Materials, Materials Suppliers

Bioplastics maker Meredian Inc. didn’t have to go far to find a new investor.

That investor is Perry-McCall Construction Inc., the Jacksonville, Fla.-based construction firm that’s also the builder of Meredian’s $70 million PHA bioresin plant in Bainbridge, Ga. The amount of Perry-McCall’s investment in Bainbridge-based Meredian wasn’t included in an Aug. 13 news release.

“We are extremely excited about the project, because [Meredian] has found a way to clean up landfills,” Perry-McCall co-founder Wayne McCall said in the release. “While it takes 500 to 1,000 years for petroleum to break down, these bioplastics only take five to six weeks.”

“The environmental and economic impacts are huge,” he added. “And for us being design contractors, the product Meredian produces can develop more business for us.”

Meredian-brand PHA is based on oils from soybeans, cottonseed or corn. The resins can be used in films, extrusion coatings, bottles and other rigid packaging.

The investment comes less than two months after Meredian officials said the firm was working with investment bank Piper Jaffray to find additional investors. In late July, Meredian merged with its sister firm, Danimer Scientific. Danimer in 2007 had purchased the PHA technology used by Meredian from consumer products giant Procter & Gamble Co.


Comments

Construction firm invests in bioplastics maker Meredian

By Frank Esposito
Senior Staff Reporter

Published: August 15, 2014 10:22 am ET
Updated: August 15, 2014 10:27 am ET

Post Your Comments


Back to story


More stories

Image

Indian plastics group targets waste

November 24, 2014 12:46 pm ET

An Indian plastics environmental group and the country's largest brand for packaged water, Bisleri International Pvt. Ltd., have launched a trial...    More

Image

Can plastics return to the driver's seat?

November 24, 2014 6:00 am ET

When the June 1989 issue of Popular Science introduced three cutting-edge automotive technologies, including the latest Corvette and a powerful...    More

Image

PET brought the water bottle revolution

November 24, 2014 6:00 am ET

The single-serve plastic water bottle is ubiquitous in today's culture. But that hasn't always been the case. Not by a long shot.    More

Image

Compounding products and services

November 24, 2014 9:47 am ET

   More

Image

EU sets consumption goal of 40 plastic bags per person by 2025

November 24, 2014 9:27 am ET

Representatives of European Union member states hammered out a deal Nov. 21 to reduce consumption of lightweight plastic bags to 40 bags per person pe...    More

Market Reports

Plastics in Brazil - State of the Industry Report

This in-depth report examines the Brazilian plastics industry from a historical and geographical context. Our analysts provide insight on economic trends and forecasts, growing manufacturing sectors that utilize plastics, private investment opportunities, market environment challenges, and innovations in R&D.

Data tables and charts on producer prices, trade, plastics production and end market indicators is also included.

Learn more

Plastics Recycling Trends in North America

This report is a review and analysis of the North American Plastics Recycling Industry, including key trends and statistics based on 2013 performance. We examine market environment factors, regulatory issues, industry challenges, key drivers and emerging trends in post-consumer and post-industrial recycling.

Learn more

Injection Molders Market Report & Ranking 2014

This special package contains our 132-page 2014 Market Report on the Injection Molding segment and our exclusive 2014 RANKINGS database of 500+ Injection Molders for a discounted package price.

Learn more

Upcoming Plastics News Events

January 14, 2015 - January 14, 2015Plastics in Automotive

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015

October 27, 2015 - October 29, 2015Plastics Financial Summit - New York - 2015

More Events