EL SEGUNDO, CALIF. (July 13, 2 p.m. ET) — Cereplast Inc., a manufacturer of biobased, compostable and sustainable plastics, has entered into a distribution agreement with Polimernet Plastik to supply it products to the Turkish market. The partnership marks Cereplast's sixth European distribution agreement this year.
“This partnership is a clear indication of the explosive demand for bioplastic resin sweeping across the pan-European marketplace,” said Frederic Scheer, chairman and CEO of El Segundo-based Cereplast.
“Turkey is one of the first three countries in Europe who have forged forward with adopting bioplastic material for products and packaging in an attempt to help safeguard the environment,” he said.
Under the terms of the agreement, Polimernet Plastik will supply Cereplast Compostables resin to product and package manufacturers in Turkey.