20.04.2007 17:20:00
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National Survey Reveals More than 70% of Americans Don't Know Plastic is Made from Oil
According to a nationwide online survey released today, 72 percent of
the American public does not know that conventional plastic is made from
petroleum products, primarily oil. The survey was conducted by national
online market research firm InsightExpress for TellesTM,
a joint venture of Metabolix, Inc. (NASDAQ: MBLX), a company using
bioscience to provide clean solutions for plastics, fuels and chemicals,
and Archer Daniels Midland (NYSE: ADM), one of the world’s
largest agricultural processors and the world leader in BioEnergy.
Plastics are everywhere and most Americans have come to rely on plastics
in all aspects of their lives. However, very few people realize that
plastics are made from oil, further contributing to the problems of
energy dependence, greenhouse gas emissions and depleting resources. In
fact, nearly 10 percent of U.S. oil consumption –
approximately 2 million barrels a day – is
used to make plastic.
The survey also revealed a misunderstanding about another important
characteristic of traditional plastic – it
never goes away. Despite the fact that petroleum-based plastic will
never biodegrade, 40 percent of respondents believe that it will
biodegrade underground, in home compost, in landfills, or in the ocean.
Plastics will not biodegrade in any of these environments. In fact, the
only way to rid the planet of existing plastic is by incineration in
those cases where it can be recovered.
"Everyone knows about our country's unhealthy reliance on oil and the
impact that petroleum use has on climate change,”
said Jim Barber, President and CEO, Metabolix, which has developed a
brand of fully biodegradable Natural Plastics. "Similarly,
people see a lot of plastic waste in the form of litter. But the fact
that so many people are unaware that plastic is made from oil and that
it will persist in the environment for thousands of years, shows the
need for education about the impact of plastic on the environment and
the various alternatives made from renewable resources."
Americans also have a much more optimistic view of the country’s
recycling efforts than is supported by the facts. On average, those
surveyed believe nearly 40 percent (38.2%) of plastic is recycled, when
in fact that figure is less than six percent (5.7%) nationally,
according to the U.S. Environmental Protection Agency.
There is hope, however. When informed that plastic is made from oil and
that it never biodegrades, half of Americans indicated they would be
willing to pay a premium for natural, biodegradable plastic.
Mr. Barber concluded, "The more Americans
understand the environmental impact of using conventional plastics, the
more they will look for and demand new solutions for meeting their needs
for these essential materials.” Snapshot of Survey Results:
72% of respondents do not know that plastic is made out of
oil/petroleum
On average, respondents estimated 38% of plastic is recycled (the
reality is less than 6%, according to the EPA)
Nearly 40% (38.1%) of respondents said plastic will biodegrade
underground, in home compost, in landfills, or in the ocean (plastic
will not biodegrade in any of these environments).
After learning that plastic is made from oil and never biodegrades,
half (50.1%) of respondents stated they would be likely or very likely
to pay 5-10% more for a natural, biodegradable plastic. Only 24% were
unlikely/very unlikely to pay this much more.
62% of respondents rate their own level of environmental knowledge as
fair or poor, with only 5.6% rating it as excellent.
About the Survey
The survey was conducted online between the dates of April 5 and April
10, by InsightExpress, a leading national online market research firm.
Survey participants were recruited online via InsightExpress’
patented sampling methodology. A representative sample of 501
respondents completed the survey, reflecting a +/-4.89% margin of error
at a 95% confidence level.
About Telles’s Natural Plastics
Telles Natural Plastics are produced from renewable resources
such as corn sugar using a fully biological fermentation process,
producing a versatile range of biobased natural plastics with excellent
durability in use but that also biodegrade benignly in a wide range of
environments. Telles is a joint venture or Metabolix and Archer
Daniels Midland, which is now building the first commercial scale plant
to produce Natural Plastics in Clinton, Iowa. This plant will be
starting up in 2008, with a nameplate capacity of 110 million pounds of Natural
Plastics per year, which can be used as an alternative to
petroleum-based plastics in a wide variety of conversion processes
including injection molding, paper coating, sheet, cast film, blown film
and thermoforming.
About Telles™
To commercialize Natural Plastics, Metabolix and ADM formed a
joint venture, which operates under the name Telles. Telles
takes its name from the Roman goddess of the Earth. Telles is
responsible for the manufacturing, marketing and sales of Natural
Plastics.
About Metabolix
Founded in 1992, Metabolix, Inc. is an innovation driven bioscience
company providing clean, sustainable solutions for the world’s
needs for plastics, fuels, and chemicals. The Company is taking a
systems approach, from gene to end product, to integrate sophisticated
biotechnology with advanced industrial practice, and is now developing
and commercializing environmentally sustainable and totally
biodegradable Natural Plastics as a clean alternative to
petroleum-based plastics. In addition to its microbial fermentation
platform for production of Natural Plastics, Metabolix is also
developing a proprietary platform technology for co-producing, in
non-food plant crops such as switchgrass, Natural Plastics and
biomass for biofuels such as ethanol and for chemical products. For more
information, please visit www.metabolix.com.
(MBLX-G).
About Archer Daniels Midland Company
Archer Daniels Midland Company (ADM) is the world leader in BioEnergy
and has a premier position in the agricultural processing value chain.
ADM is one of the world's largest processors of soybeans, corn, wheat
and cocoa. ADM is a leading manufacturer of biodiesel, ethanol, soybean
oil and meal, corn sweeteners, flour and other value-added food and feed
ingredients. Headquartered in Decatur, Illinois, ADM has over 26,000
employees, more than 240 processing plants and net sales for the fiscal
year ended June 30, 2006 of $37 billion. Additional information can be
found on ADM's Web site at http://www.admworld.com/.
Safe Harbor for Forward-Looking Statements This press release contains forward-looking statements which are made
pursuant to the safe harbor provisions of Section 27A of the Securities
Act of 1933, as amended, and Section 21E of the Securities Exchange Act
of 1934, as amended. The forward-looking statements in this release do
not constitute guarantees of future performance. Investors are cautioned
that statements in this press release which are not strictly historical
statements, including, without limitation, statements regarding
commencement and completion of construction on the commercial
manufacturing facility, actual manufacturing capacity of the commercial
manufacturing facility, manufacturing plans and performance including
the timing of commencement of commercial production of Natural Plastic,
commercial viability of Natural Plastic, current or future financial
performance and position, management's strategy, plans and objectives
for future operations, product development, present and future research
and development, regulatory approval and intellectual property,
constitute forward-looking statements. Such forward-looking statements
are subject to a number of risks and uncertainties that could cause
actual results to differ materially from those anticipated, including,
without limitation, risks associated with: our dependence on our
collaborative partner for construction of the commercial manufacturing
facility, ADM’s ability to complete
construction of the commercial manufacturing facility on time and on
budget, the ability of Metabolix and ADM to successfully manufacture
Natural Plastic at commercial scale and in a timely and economic manner,
the success of collaborative arrangement with ADM, the market acceptance
of our products, our ability to compete with petrochemical-based
plastics, fuels and chemicals, our ability to generate future revenues,
our expectation of incurring continued losses, the success of our
research and development programs, our ability to develop and
successfully commercialize Natural Plastic, our ability to obtain
required regulatory approvals, our ability to obtain, maintain and
protect intellectual property rights for our products, our limited sales
and manufacturing capabilities, our ability to hire and retain skilled
personnel, and other risks detailed in Metabolix' filings with the
Securities and Exchange Commission, including form 10-K for the year
ended December 31, 2006 filed on March 29, 2007. Metabolix assumes no
obligation to update any forward-looking information contained in this
press release or with respect to the announcements described herein.
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