Taken from the CA on the 26 October 2010....

Taken from the CA on the 26 October 2010.

http://www.cardiabioplastics.com/news/13/21/2010-10-26/cardia-bioplastics-biodegradable-bag-made-from-co2-emissions-/?page=4

* First run of this revolutionary development - world first biodegradable plastic bag.

* Cardia's aim to provide CO2STM bags at prices below current compostable carrier bags.

"This is the first time CO2 emissions have been transformed in this way, and the development has the potential to revolutionise the production of bioplastics around the globe," he said.

Pat Volpe said this revolutionary development promises to offer packaging alternatives globally, with the company now in discussion with several parties interested in the technology.

"We are now ready to commercialise this innovative technology and are searching for a suitable international partner with oil or gas wells, or refineries producing CO2 emissions. We are getting close in our negotiations and the market will be informed when current discussions materialise into a support agreement," he said.

From today's announcement...

The company has commenced discussions with Petrochemical companies that are looking at ways of turning their CO2 emissions into a positive business scenario. PPC resins use less virgin oil and have lower carbon footprint and now Cardia has the potential to develop PPC resins with low impurities. This PPC resin technology that uses CO2 emissions provides a business opportunity for a new generation of greener plastics for use into commercial products.