Cereplast tightens European credit

In the renewable chemicals and bioplastic sectors, Europe has always been seen as the forefront of market commercialization given the region's strict regulatory efforts that opens the way for more carbon emission-reducing chemicals and materials.

However, the growing Eurozone crisis, heightened business uncertainty and inventory trimming in Europe might lessen enthusiasm for any renewable chemical investments and commercialization in the region. In fact, US bioplastic company Cereplast stated on Tuesday that it has already tightened customer credit terms  amid a worsening economic outlook in Europe.

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