HUGE $$$$ Metabolix director just picked up 100,000 shares
Metabolix director just picked up 100,000 shares
Matthew Strobeck, a director of Metabolix, recently acquired 100,000 shares of the company. The buys took place at prices ranging from $0.79 to $1.06 per share, on dates ranging from November 27 to November 29, 2013. Strobeck now owns 835,614 shares of the company.
World Bioplastics Market
World demand to skyrocket 19% annually through 2017
Global demand for biobased and biodegradable plastics will rise 19 percent per year to 950,000 metric tons in 2017. The bioplastics industry, while still in the emerging growth phase, has established itself as a fixture in a number of commercial markets and applications. Robust growth in demand is expected in virtually all geographic markets, stimulated by consumer preferences for sustainable materials, the increased adoption of bioplastics by plastic processors and compounders, and new product development that expands the range of uses for bioplastics.Despite the rapid increase in demand, bioplastics are still expected to account for less than one percent of the overall plastic resin market in 2022. The success of the bioplastics industry will ultimately depend on price and performance considerations, and large scale conversion to bioplastics will not occur until price parity with conventional plastic resins is achieved.
Biobased commodity resins to post fastest growth
Starch-based resins and polylactic acid (PLA) will remain the leading bioplastic products through 2017, combining to account for over 60 percent of demand. For starch-based resins, advances will be bolstered by increased regulation of conventional plastic products, particularly plastic bags, as governments around the world continue to promote sustainability. PLA demand will benefit from the development of resins and compounds with enhanced performance for more durable applications such as fibers, automotive parts, and electronic parts.The most rapid gains in demand, however, are expected for biobased commodity resins such as polyethylene and polypropylene, which are just beginning to enter the commercial market. The rapid adoption of these bioplastics will be fueled by their ability to be used as a "drop-in" for existing applications, as well as an increased focus on biobased content rather than biodegradability as a
It's interesting that he is accumulating more. Coming off of a horrible cc but with compelling product prospect (primarily in PHA as an additive to PVC, ultra pure industrial chemical results for high margin speciality markets, possibly some liberation in sugar sources keeping production costs consistent, etc) it is good to see a deep insider accumulating. Hopefully it is a hint that production may soon be addressed. I don't think they could be dumb enough to be waiting for Spanish courts to finalize Leon situation. Ideally they see the demand and will address it with NA, EU and Asian partners. Given the cash situation, it seems like they need to finalize partnership(s) ASAP.