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

French firm acquires Zimmer-brand polymer technology

December 15, 2014 4:18 pm ET

The deal includes technologies for the processing of polyesters and nylons, and approximately 40 researchers and engineers.    More

Image

Bioplastics global production capacity

December 15, 2014 10:14 am ET

   More

Image

Aimplas collaborates with Solarays

December 15, 2014 9:02 am ET

Aimplas, the Technological Institute of Plastics located in Valencia, Spain, has collaborated with Solarays to create a new system which generates...    More

Image

Israeli compounder building $13.1 million facility in North Carolina

December 12, 2014 1:14 pm ET

Tosaf USA, a subsidiary of Kfar Yona, Israel-based Tosaf Compounds Ltd., will build a compounding and masterbatch production facility in North...    More

Image

Study on ocean plastics turns up some surprises

December 12, 2014 11:53 am ET

WASHINGTON — An estimated 269,000 tons of plastic trash is churning around in the world’s oceans, most of it in pieces no bigger than a gr...    More

Market Reports

Flexible Packaging Trends in North America

Our latest RESEARCH report examines trends in FLEXIBLE PACKAGING impacting the North American market including a review of economic conditions, key drivers of growth, materials pricing, M&A activity, sustainability challenges and the outlook for 2015.

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

Plastics in Mexico - State of the Industry Report

This report analyzes the $20 billion plastics industry in Mexico including sales of machinery & equipment, resins and finished products.

Our analysts provide insight on business trends, foreign investment, top end markets and plastics processing activity. The report also provides important data on exports, production, employment and value of plastics products manufactured.

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