Diamant Corporation Announces Market Growth Statistics for the Alternative Degradable Plastics...

TORONTO--(Marketwire - July 24, 2008) - Diamant Corporation is pleased to announce that according to an Industry Study named "Degradable Plastic to 2010," the demand for degradable plastic in the US is forecasted to expand nearly 17 percent yearly to 500 million pounds in 2010, valued at $610 million, as reported by Freedonia research company, a well known and respected research group. To view an excerpt of this report click here: www.freedoniagroup.com/Degradable-Plastic.html These conclusions are based on a more competitive pricing structure, high feedstock costs for petroleum-based polymers, and growing environmental, governmental and consumer initiatives for greater use of sustainable resources. Degradable plastic applications are also being expanded by enhanced performance properties brought about by more sophisticated... [read full story]