Tuesday, September 2nd, 2014

SPI Innovation in Bioplastics Award Competition Spotlights Key Plastics Sector

As an industry, plastics is poised for growth as America’s manufacturing renaissance continues. But one sector within plastics that’s key to this ongoing expansion is the bioplastics segment, which operates at the intersection of innovation, economic growth and sustainability.

“Bioplastics represent an increasingly larger part of today’s market, but the sector’s continued growth and development is pivotal to the entire plastics industry’s future, as consumers and policymakers alike work to reduce waste while creating thousands of green jobs,” said SPI President and CEO William R. Carteaux, announcing SPI’s third-annual Innovation in Bioplastics Award. “This is a segment of the industry that already has a track record for innovation, and we look forward to honoring another groundbreaking contribution with the 2015 award.”

SPI-bioplastics-cmyk-2-outlinesLed by SPI and the SPI Bioplastics Council, the competition officially opened Tuesday. Any corporation, partnership or other business entity worldwide can compete for the chance to become the next winner of a bioplastics award that acknowledges creativity and the heights of state-of-the-art innovation that, despite bioplastics’ comparative youth among plastics sectors, has come to define the industry.

Past winners include Avantium, which won the first Innovation in Bioplastics Award in 2013 for its development of polyethylene furanoate (PEF), a packaging material with superior barrier qualities that offered new opportunities to beverage makers. Teknor Apex won the 2014 Award for the development of Terraloy® PLA compounds that exhibit both high-impact and heat-resistant properties.

“Former winners of the Innovation in Bioplastics Award have continued to grow and make an impact on today’s plastics market with innovations that creatively simplify production processes and reduce greenhouse gases,” said Terry Peters, senior director of technical and industry affairs at SPI. “This contest honors the companies that keep plastics on the cutting edge by building the materials, products and processes of tomorrow.”

Entries will be judged on innovation, sustainability measures and marketplace impact and companies can submit multiple entries for different bioplastics materials, products or processes, provided that they complete and submit a separate entry form for each innovation they submit. The award application can be found on the SPI Bioplastics Council website and entries will be accepted until Nov. 14, 2014.

Learn more about the group at http://www.bioplasticscouncil.org/. Award program inquiries should be directed to Tania Farries, manager, regulatory and technical affairs at SPI, at tfarries@plasticsindustry.org.

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