What Opportunities Cereplast Inc (OTCMKTS:CERP) Foresee in France?

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Las Vegas, NV -- (SBWIRE) -- 12/10/2013 -- Cereplast Inc (OTCMKTS:CERP) stated that there is plastic bag legislation in France suggesting to impose tax on using plastic bags that can be used only once for conventional purposes. The proposed date of enforcing the tax is January 1, 2014.

Cereplast says that the proposed is a step towards decreasing pollution and making France more environment friendly. The suggested tax rate is 10 euros per kg.

The CEO of company Frederic Scheer says that such opportunities are also present in Italy. The legislation offers bioplastics industry great opportunities.

Cereplast, Inc. develops resin based products. The company has two product groups explicitly Cereplast Compostable Resins that are compostable and renewable replacements for petroleum-based plastics and Cereplast Sustainable resins that alternate 90% of the petroleum-based content of traditional plastics.

To find out what OTCMAGIC projects for Cereplast Inc for both short term and long term please click here: CERP

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