Metabolix, Inc. (NASDAQ: MBLX) today announced that Newell Rubbermaid, a
global marketer of consumer and commercial products whose brands include
Rubbermaid®, Calphalon®, and Paper Mate®, is the customer that will
purchase Mirel™ bioplastic injection molding grade under a previously
announced supply agreement. The specific terms of the contract with
Telles, the joint venture between Metabolix and Archer Daniels Midland
Company that produces Mirel bioplastics, have not been disclosed.
“After thoroughly evaluating various biobased materials for use in our
products, we chose Mirel bioplastic for its unique combination of
performance and biodegradability properties,” said Bret Marschand,
Senior Development Manager, Newell Rubbermaid. “Mirel molds very well
and processes in conventional injection molding equipment. Add these
performance characteristics to biodegradability, and we have found a
remarkable material that fits into our global corporate sustainability
goals.”
“We’re excited to welcome Newell Rubbermaid and its stable of top brands
to the Mirel family,” said Bob Findlen, Vice President of Sales and
Marketing, Telles. “The use of biobased and biodegradable materials in
product design allows both brand owners and their customers to
participate in making environmentally-conscious buying decisions. Our
work with Newell Rubbermaid is another example of how Mirel can be used
to support a brand owner’s corporate sustainability goals.”
Metabolix and Telles are presenting and exhibiting at NPE 2009, The
International Plastics Showcase, in Chicago, IL the week of June 22,
2009. They are located at booth #W119020, in the West Hall.
About Mirel Bioplastics
Mirel is a family of bioplastic materials with the physical properties
of petroleum-based resins, yet with a unique combination of being
biobased and biodegradable when disposed in natural soil and water
environments, home composting systems, and in industrial composting
facilities in areas where such facilities are available. The rate and
extent of Mirel’s biodegradability will depend on the size and shape of
the articles made from it. However, like nearly all bioplastics and
organic matter, Mirel will not biodegrade in conventional landfills.
Mirel bioplastics are available for injection molding, blown and cast
film, and cast sheet applications. The first commercial-scale plant to
produce Mirel bioplastic resins is being constructed adjacent to ADM's
wet corn mill in Clinton, Iowa. For more information please visit www.mirelplastics.com.
About Metabolix
Founded in 1992, Metabolix, Inc. is an innovation driven bioscience
company focused on providing sustainable solutions for the world’s needs
for plastics, chemicals and energy. The Company is taking a systems
approach, from gene to end product, integrating sophisticated
biotechnology with advanced industrial practice. Metabolix is now
developing and commercializing Mirel™, a family of high performance
bioplastics which are biobased and biodegradable alternatives to many
petroleum based plastics. Metabolix is also developing a proprietary
platform technology for co-producing plastics, chemicals and energy,
from crops such as switchgrass, oilseeds and sugarcane.
For more information, please visit www.metabolix.com.
(MBLX-G)
ICR
Media:
Matt Lindberg, 203-682-8214
matthew.lindberg@icrinc.com
or
Brian
Ruby, 203-682-8268
brian.ruby@icrinc.com
or
Investors:
Anthony
Gallo, 203-682-8335
anthony.gallo@icrinc.com
