re: Ann: World first biogradeable bag made fr... With this sort...

re: Ann: World first biogradeable bag made fr... With this sort of news, what a great spec opp for a penny stock! I'm surprised nobody has jumped on this news today, but something will trigger some interest very soon.

"Melbourne packaging technology company Cardia Bioplastics Limited (ASX: CNN) has developed a world first biodegradable plastic bag created from a blend of CO₂ emissions and starch.
Company Chairman, Mr. Pat Volpe, said Cardia has successfully completed a first production run of the revolutionary carrier bags, known as CO2S- or carbon dioxide plus a starch based renewable resource.

This is the first time CO₂emissions had been transformed in this way, and the development has the potential to revolutionize the production of bioplastics around the globe. he said.

He said manufacturing could easily be scaled up to meet commercial volumes with the aim to provide CO2S bags at prices below current compostable carrier bags.

Mr. Volpe added: We are now ready to commercialize this unique and novel technology and are in the process of sourcing a suitable international partner with oil or gas wells or refineries producing CO₂emissions.

If current discussions materialize into a support agreement to assist to find such a company, the
market will be informed - but we are getting close in our negotiations.