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   Non-TechMetabolix [MBLX] a Full Disclosure Thread

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From: Sam Citron11/11/2006 4:09:44 PM
   of 78
MBLX BO 500 15.88 [11.10.06]

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From: Sam Citron11/13/2006 4:03:54 PM
   of 78
MBLX BO 500 16.00 avg

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From: Sam Citron11/14/2006 4:16:44 PM
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MBLX BO 300 15.35 avg

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From: Sam Citron11/15/2006 5:19:30 PM
   of 78
MBLX BO 400 15.12 avg; SC 700 15.92 avg; crossed 100 15.87

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From: Sam Citron11/16/2006 2:23:49 PM
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IPO success for Metabolix 13/11/2006
By John Whitehead

Biopolymer pioneer’s shares sell at top end of expected price range.

10 November 2006 – Bioplastics technology pioneer Metabolix has successfully completed an IPO, raising $95.2m from the sale of 6.8m shares, having increased the offering available from the 5.8 million previously indicated.

The shares sold for $14, a figure at the top end of expectations which had been in the $12-14 a share range prior to the sale.

The New England-based company was set up in 1992 to commercialise breakthrough research carried out at the Massachusetts Institute of Technology which first showed the production of PHA (polyhydroxyalkanoate) in recombinant organisms. The original work has been refined to enable the company to design polymers to the desired compositions.

The patented technology produces biologically derived polyesters (PHAs) which aim to “forge a new link between large scale sustainable agricultural production and the present day polymer processing and chemical industries.”

Metabolix has partnered with US agricultural products major ADM to handle the production from a 50,000tpa PHA plant, which ADM is building at one of its corn wet mill sites.

FD: 800

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To: Sam Citron who wrote (5)11/16/2006 11:50:08 PM
From: richardred
   of 78
Nice move today Sam.

Bioplastics Awards final shortlist announced 13/11/2006

Countdown begins for world’s first Bioplastics Awards.

13 November 2006 - The final shortlist for the world’s first Bioplastics Awards was announced last week.

The Bioplastics Awards, organised by European Plastics News and sponsored by BIOP Polymer Technologies, are designed to recognise achievement and innovation in this fast developing industry. The finalists are:

Best Innovation in Bioplastics: Alcan Packaging, Biobag International, Biomer, Metabolix, Sukano.

Best Bioplastics Processor: Autobar, Biobag International, Groen Creatie, Treofan.

Best Bioplastics Application – Food Packaging: Alcan Packaging, Cereplast, Coopbox Europe, Huhtamaki, Nestle.

Best Bioplastics Application – Non Food Packaging: Alcan Packaging, Innovia Films, RPC Cresstale.

Best Bioplastics Application – Non Packaging: Arkema, Batelle, Ecozema, Unitika.

Best Bioplastics Marketing Initiative: Belu, Biobag International, Novamont, Treofan.

Best Bioplastics Retailer: Albert Heijn, Coop Italia, Delhaize, Sainsbury’s.

The winners will be announced at the Bioplastics 2006 conference dinner in Frankfurt on 6 December.

Bioplastics 2006 is the longest standing global conference for the bioplastics sector and has provided an independent perspective on this fast moving marketplace over the past eight years.

You can find out more about the Bioplastics Awards finalists and get more details about the Bioplastics 2006 conference at

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To: richardred who wrote (6)11/17/2006 2:23:46 AM
From: Sam Citron
   of 78
Great to see this market for bioplastics developing. I found a little more on the specific bioplastics applications of the finalists:

Bioplastics Awards Finalists

Best Innovation in Bioplastics
• Alcan Packaging - Transparent barrier coating for bioplastic film
• Biobag International - -Bioplastic bag organic waste collection system
• Biomer - -Injection mouldable polyhydroxybutyrate (PHB)
• Metabolix - -Laboratory route to bioplastics from switchgrass
• Sukano - - PLA film performance modifier masterbatch

Best Bioplastics Processor
• Autobar - - PLA sheet production
• Biobag International - -Bioplastic film production
• GroenCreatie - -Moulded bioplastic agro-products
• Treofan - - PLA film production

Best Bioplastics Application – Food Packaging
• Alcan Packaging - -Ceramis transparent barrer bioplastic film
• Cereplast - -Bioplastic coating for paper cups
• Coopbox Europe - -Naturalbox foamed bioplastic food trays
• Huhtamaki - -Bioware range of food packaging
• Nestlé - -Thermoformed bioplastic chocolate box trays

Best Bioplastics Application – Non-Food Packaging
• Alcan Packaging - -Ceramis transparent barrier bioplastic film
• Innovia Films - -Bioplastics wrap for feminine hygiene products
• RPC Cresstale - -Bioplastics lipstick casings

Best Bioplatics Application - Non Packaging
• Arkema - Rilsan polyamide fuel lines
• Batelle - Low temperature biopolymer coating
• Ecozema - Mater-Bi clothes pegs and housewares
• Unitika - Bioplastic modified polymer phone casing

Best Bioplastics Marketing Initiative
• Belu - UK launch of bioplastic packaged water
• Biobag International - Strategy to develop the Biobag brand
• Novamont - Launch of the Novamont Biorefinery
• Treofan - Website promoting Biophan films

BTW, Rick, on this full disclosure thread I ask that posters kindly disclose any ownership position in Metabolix shares, as indicated in the header. Hence, I attach a full disclosure [FD] postscipt indicating that I own 800 shares of Metabolix in the following format:

FD: 800 MBLX
0 Other firms mentioned in this post

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To: Sam Citron who wrote (7)11/17/2006 10:01:15 AM
From: richardred
   of 78
When Warner Lambert was a stand along company. They were one of the first I remember getting into this area. Now, long since sold off units. Some old articles I found.


Article Tools Sponsored By
Published: January 24, 1995

Churchill Technology Inc., which developed biodegradable plastic film, said yesterday that it had agreed to acquire Ecostar International and the Novon degradable polymer division of the Warner-Lambert Company. Financial terms were not disclosed. Churchill said it had already completed the acquisition of Novon and would close the acquisition of Ecostar and merge the two companies under the name Novon International. Churchill will move its headquarters from Delray Beach, Fla., to Ecostar's home in Buffalo.

Biodegradable packaging diverts waste to compost pile
Prepared Foods, June, 1993
Find More Results for: "warner lambert biodegradable "
Civco Medical's needle...
Novamont Sues...
Steve Mojo Joins...
Churchill Technology...

Biodegradable, perhaps even edible, packaging could be in your future. It's not as far-fetched as it sounds.

Products that perform like plastic but biodegrade like paper are under development throughout the world. A handful of commercial applications are on the market, and demand is surging.

A recent study by Frost & Sullivan, for example, predicts the European market for inherently degradable packaging will skyrocket from $1.47 million in 1991 to $143.8 million in 1995.

Why? True biodegradable packaging is made from renewable--usually plant-based--resources. Thus, it can be composted, a method of solid-waste management now beginning to be recognized as an essential companion to recycling to minimize the amount of waste land-filled or incinerated.

A 1992 National Audubon Society/Procter & Gamble Co. study of Fairfield and Greenwich, Conn., showed that residents practicing source-separated composting and recycling could divert 70% of their household trash from the landfill.

According to Audubon experts, composting can turn food and yard wastes; disposable diapers; sanitary products; and food-contaminated, wet, waxed, and other currently nonrecyclable waste paper into humus, a rich soil enhancer.


Interest in composting is especially strong among organizations that generate a large percentage of organic waste, such as foodservice outlets and supermarkets. For these businesses, biodegradable packaging simplifies the composting process by eliminating the labor needed to separate the food product from the package.

Several grocery store chains already operate composting programs. In addition, a partnership formed by the National Audubon Society, the Food Marketing Institute, and the Grocery Manufacturers of America (GMA) has launched a multi-year program called "Compost...for Earth's Sake."

Its goal is to determine the real costs of composting, the most economical way to add composting to existing recycling programs, how well participants like composting, and what end markets exist for humus, according to Dr. Jan Beyea, chief scientist at Audubon.

During 1993, the program will use Santa Barbara County, Calif., as a test site to evaluate methods to collect compostable waste economically.

"As producers of organic |waste~ material, the grocery industry is strongly committed to maximizing the use of composting," says Elizabeth Seiler, director of environmental affairs at GMA. "Both grocery manufacturers and retailers hope to establish composting as a viable and sustainable component of an integrated waste management system."


The major stumbling block to using biodegradable packaging and expanding composting networks is cost.

In some instances, the biodegradable packaging costs ten times or more than its traditional counterpart. However, as demand grows and production facilities scale up, the cost gap is expected to narrow.

The world's largest manufacturing facility for biodegradable polymers is a 100-million-pound-per-year plant in Rockford, Ill. Completed by Novon Products Group of Warner-Lambert Co. in 1992, it uses corn and potato starch to produce film, foam, thermoform, blow-molding, and injection-molding grades.

Since the specialty polymers are made solely from substances acceptable for food contact, food packaging applications are expected, possibly yet this year, according to David S. Brooks, manager, marketing communications at Novon. Potential uses include produce packaging and containers for in-store bakery products.

Although Novon's polymers cost about four times more than commodity thermoplastics, they would add only a couple cents to the cost of a fast-food meal because their biodegradability permits food-contaminated waste to be composted with minimal handling.

In North Dakota, a company called Bio-Sunn Corp. is building a 100-container-per-minute pilot system for Germany's WELA GmbH to make biodegradable packaging from flax straw or sugar cane waste remaining in the fields after harvest.

Normally, this material is burned because it does not decompose readily when plowed under. Since it's considered waste, it's extremely economical--about 28|cents~ a pound.

The process pulps the straw and mixes it with a small amount of water to release a natural glue. This enables the material to be molded into trays, clamshells, or other shapes. A beeswax coating can be added to provide a barrier against grease and moisture.

Process water is recycled and a gooey byproduct can be used as cattle feed or in ethanol production. Used packaging can be repulped to make new containers, composted, or fed to cattle. A full-scale plant in Garrison, N.D., is expected to be operational by 1995.


In Europe, another biodegradable packaging material, this one from Austria's Biologische Verpackungssysteme GmbH, uses starch, typically from potatoes, corn, or wheat.

In a process similar to waffle making, the biopolymer material (tradenamed Biopac) is mixed with cellulose and water and poured into heated molds. After cooling, the molded material is conditioned to a constant moisture content to ensure elasticity and strength.

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From: richardred11/17/2006 10:20:16 AM
   of 78
Metabolix, Inc. Announces Completion of Initial Public Offering and Exercise of Over-Allotment Option
Friday November 17, 8:30 am ET

CAMBRIDGE, Mass.--(BUSINESS WIRE)--Metabolix, Inc. (NASDAQ: MBLX - News), announced today that it has completed its initial public offering of 6,800,000 shares of Common Stock priced at $14.00 per share. The Company also announced that the underwriters have exercised their over-allotment option in full to purchase an additional 1,020,000 shares at the public offering price of $14.00 per share, less underwriting discounts and commissions. The shares trade on the NASDAQ Global Market under the symbol "MBLX."

Net proceeds from the offering are intended to be used to make investments in equipment for pilot manufacturing and commercial formulation of Natural Plastic and to fund working capital needs, including for pre-commercial manufacturing and marketing activities, for switchgrass biorefinery program research and development, for hiring of additional personnel, for other research and development and for general corporate purposes.

Piper Jaffray & Co. served as the book-running manager for the offering. Jefferies & Company, Thomas Weisel Partners LLC and Ardour Capital Investments, LLC served as co-managers.

Copies of the final prospectus relating to the offering may be obtained by contacting Piper Jaffray & Co., Attention: Prospectus Department, 800 Nicollet Mall, Suite 800 Minneapolis, MN 55402-7020 or by telephone at (877) 371-5212.

A registration statement relating to these securities was declared effective by the Securities and Exchange Commission on November 9, 2006. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Metabolix

Founded in 1992, Metabolix, Inc. is developing and commercializing environmentally sustainable and totally biodegradable Natural Plastic as a clean alternative to petroleum-based plastics. The Company is taking a systems approach, from gene to end product, to integrate sophisticated biotechnology with current industrial practice to produce plastics, fuels and chemicals from renewable resources. In addition to its microbial fermentation platform for production of Natural Plastic, Metabolix is also developing a proprietary platform technology for co-producing, in non-food plant crops such as switchgrass, Natural Plastic and biomass for biofuels such as ethanol and for chemical products. For more information, please visit



Integrated Corporate Relations
Investor Relations:
Kathleen Heaney, 203-803-3585
Julia Heckman, 203-247-7275
Jackie Kolek, 203-682-8200
Metabolix, Inc.
James J. Barber, President and CEO
Thomas G. Auchincloss, Chief Financial Officer

Source: Metabolix, Inc.

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To: Sam Citron who wrote (7)11/17/2006 9:13:44 PM
From: richardred
   of 78
Sam: I like Metabolix as a pure play in bio- plastics. I like the fact it has a powerful partner in ADM. As we talked earlier. IMO -It's a story stock right now. I don't think the positive story reached it's full potential in the market yet. However if the market turns negative. I don't think it will treat Metabolix kindly. I will most likely wait before I invest here. I will post it on your board if I do invest it. I'm still thinking, in time, Cargill will bring Natureworks public to help fund it, while keeping a controlling stake. They bought back Dow Chemicals stake awhile back. Bio plastic companies will be under pressure IMO if the price of corn keeps rising..

>Do you know of any better ethanol plays around that we can invest in. Keep an eye on the companies Vinod is invested in, possibly coming public, in the near future.

My personal ethanol preferences are ADM, AVR, PEIX, and VSE. I sold all my AVR yesterday as posted in my thread. I now own no pure plays in ethanol. That could change at any time with me.


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