Metabolix Is a Player In the Biobased Plastics Revolution

Metabolix (MBLX), a biotechnology company specializing in biobased plastics, biobased chemicals and bioenergy, has developed Mirel, a polymer produced from biomass.

According to the BusinessWeek article (June 19, 2008), I Have Just One Word for You: Bioplastics, Metabolix is competing with DuPont (DD), Cargill, Braskem (BAK), Toray Industries and many startups that are making plastics from everything from potatoes to tapioca.

MBLX is trading in a sideways pattern after declining from its all-time high. It seems that investors are treading water until they see if Mirel can be a money maker.

I (RAH) do not own MBLX.

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Posted June 26, 2008.