Potatoes, algae replace oil in US company's plastics

HAWTHORNE, California — Frederic Scheer is biding his time, convinced that by 2013 the price of oil will be so high that his bio-plastics, made from vegetables and plants, will be highly marketable.

Scheer, 55, is the owner of Cereplast, a company that designs and makes sustainable plastics from starches found in tapioca, corn, wheat and potatoes.
He has believed for the past 20 years that the price of oil will eventually make petroleum-based plastics obsolete and clear the way for his alternative.

“The tipping point for us is 95 dollars a barrel,” he said. At that price “our product becomes cheaper” than traditional plastic.

“The day where we hit 95 dollars a barrel I think all of a sudden you’re going to see bio-plastics basically explode,” he said.

According to Scheer, once oil prices are consistently that high, which he expects to be the case around 2013, major chemical companies like Dupont and BASF will have no choice but to join him in bio-plastics.

AFP