With a growing focus on sustainability initiatives in the European Union, as well as decisive steps for increasing the adoption of green alternatives to conventional plastics and chemicals, opening a German office related to life science innovation will give Metabolix a central location from which to serve its customers and business partners.
The BioCampus Cologne park, established in 2002, is currently one of the largest biotechnology parks in Germany. It houses approximately 20 life science companies, including Bayer HealthCare, Sanofi-Aventis, and Direvo.
Information from the Freedonia Group indicates that worldwide demand for bioplastics is anticipated to more than triple through 2015, with Western Europe continuing to be the largest consumer of bioplastic materials. Metabolix has led the industry with more than 700 patents, both issued and pending, in developing its line of biopolymer resins marketed under the Mirel and Mvera brands, as well as bio-based industrial chemicals as “drop in” replacements for petroleum-based products. The Mirel and Mvera brands have the same physical properties as petroleum-based resins and can be processed on the same equipment with similar productivity and post-processing techniques, but Metabolix biopolymers have unique biodegradability properties.
Metabolix is a bioscience company specializing in the development of clean, sustainable solutions for plastics, chemicals, and energy. The company takes a systems approach – from gene to end product – and integrates advanced biotechnology with innovative industrial practice. The company is currently developing bio-sourced industrial chemicals and plastics, as well as a proprietary platform technology for co-producing plastics, chemicals, and energy from crops.
For more information, visit the company’s Web site at www.metabolix.com
About MissionIR
MissionIR is committed to connecting the investment community with companies that have great potential and a strong dedication to building shareholder value. We know our reputation is based on the integrity of our clients and go to great lengths to ensure the companies represented adhere to sound business practices.
Sign up for “The Mission Report” at www.MissionIR.com
Please see disclaimer on the MissionIR website http://www.missionir.com/disclaimer.html