May 3, 2011

Cereplast to build Italy-based bioplastic plant

Cereplast announced today that is planning to build a bioplastic manufacturing plant in Assisi (Cannara), Italy. The plant will be owned and operated by Cereplast Italia SPA and will be financed through local and regional financing/subsidies with Italian institutions from various state and local agencies. Initial investment is expected around EUR10m-EUR12m ($14.8m-$17.8m).

[Photo by Elsa Wenzel/CNET]

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