BNET Industries

Market Cap:$234.1M
Last Fiscal Year Sales:$1.5M
  • Public
  • US
Dow Jones Description

We are a bioscience company that develops and is in the process of commercializing environmentally sustainable, economically attractive alternatives to petroleum-based plastics, with work underway to do the same with chemicals and energy. Our corporate strategy is to develop technology platforms that integrate advanced biotechnology with current industrial practice and to commercialize these platforms with industry leading strategic partners. Our first platform, which we are commercializing through Telles, a joint venture with Archer Daniels Midland Company, or ADM, is a proprietary, large-scale microbial fermentation system for producing a versatile family of polymers known as polyhydroxyalkanoates, which we have branded under the name Mirel. Through Telles, we intend to sell these bioplastics as environmentally friendly, but functionally equivalent, alternatives to petroleum-based plastics. In addition, this family of polymers offers superior biodegradability characteristics and can be used in a wide range of commercial applications, including products used in agriculture and horticulture, compost and organic waste diversion bags, marine and aquatic applications, consumer products, business equipment and durable goods, and general packaging materials. Mirel will be produced in a commercial scale plant designed for a 110 million pound annual capacity, or the Commercial Manufacturing Facility, which is presently under construction by ADM in Clinton, Iowa. ...

President and Chief Executive Officer, Director
Richard P. Eno
Number of Employees 98
Contact Information

21 Erie St

Cambridge, Massachusetts 02139-4260

metabolix.com

(617) 492-0505

NAICS Code Plastics Materials and Basic Forms and Shapes Merchant Wholesalers: 424610

Recent Events

  • Ardour Capital Downgrades Metabolix MBLX to Reduce

    10/30/09 - Bond / Stock Rating - View Story

  • Metabolix MBLX Reports Better-Than-Expected Q3 Loss of $0.41

    10/29/09 - Financial Announcement - View Story

  • Metabolix and ADM Names Stan Haftka as Director of Business Development, Europe, for Telles JV

    10/31/09 - Mgmt. Change Entering - Business Development - View Story

  • Metabolix shares shoot up 22 percent

    8/09/09 - Financial Announcement - View Story

News & Analysis

adm and metabolix inc. - All News and Analysis

Decision Makers

Name (plus bio) Position
Richard P. Eno President and Chief Executive Officer, Director
Brian Igoe Vice President, Chief Brand Officer
Joseph Hill Chief Financial Officer
Oliver P. Peoples Chief Scientific Officer, Vice President, Research
Thomas G. Auchincloss Cfo and Vice President
Johan van Walsem Vice President, Manufacturing, Development and Operations
Robert Findlen Vice President Marketing
Anthony J. Sinskey Cofounder
Simon F. Williams Co-Founder
Ben Locke Director of Government Programs
Dan Gilliland Director of Business Development
Debra Darby Brand Director
Marcia Miller Director, Marketing
Robert L. Van Nostrand Independent Director
Robert Whitehouse Director of Applications Development
Tom M. Ramseier Associate Director of Microbial Development
George Kipouras Manager, Business Dev
Kristin Taylor Manager, Business Dev
Frank Skraly Team Leader of Microbial Metabolic Engineering
Kevin Sparks Principal Processing Engineer
Kristi Snell Team Leader of Plant Metabolic Engineering
Sarah P. Cecil General Counsel
Yossef Shabtai Senior Fermentation Scientist

Board of Directors

Name (plus bio) Position
Edward M. Giles Board of Directors
Jay Kouba Board of Directors
Matthew Strobeck Board of Directors
Peter N. Kellogg Board of Directors

Richard P. Eno has served as President, Chief Executive Officer and Director since March 2008. Mr. Eno has more than twenty five years of professional experience in the chemicals and energy business. Prior to joining Metabolix, Mr. Eno served as Vice President, Leader Global Oil & Gas Sector at CRA International, a leading provider of management consulting services and economic and financial expertise to global companies. Earlier in his career, he held various roles at Arthur D. Little and Chevron Corporation. Mr. Eno holds a Bachelor of Science Degree in Chemical Engineering from Cornell University, a Masters in Business Administration from the University of Houston and is a Chartered Financial Analyst.

Organization Position Status
Metabolix, Inc. President and Chief Executive Officer, Director Current
Charles River Associates Incorporated Current
Metabolix, Inc. Board of Directors Current
Arthur D. Little, Inc. Vice President Former
The University of Houston M.B.A. Former

Organization Position Status
Metabolix, Inc. Vice President, Chief Brand Officer Current
The Keds Corporation Director of Product Development Former
Reebok International Ltd. Director of Advanced Technologies Former

Joseph Hill has been our Chief Financial Officer since April 2008. Mr. Hill has more than twenty years of professional experience in finance, including more than fifteen years of experience at the executive level. Prior to joining Metabolix, Mr. Hill served as Senior Vice President, Chief Financial Officer at Amicas, Inc., the leading independent provider of radiology image and information management solutions. At Amicas, Mr. Hill was responsible for all finance, accounting, investor relations, treasury, tax, administration, IT and infrastructure. Prior to that, he was vice president and CFO at Dirig Software, a privately held provider of application performance management software systems. And Mr. Hill previously served as vice president, CFO and Director of Maconomy, a publicly traded provider of web-based business management solutions with more than 70,000 users worldwide. In this role, Hill was responsible for all finance, accounting, treasury, tax, administration, and infrastructure of this public company with offices in eight countries. Mr. Hill has a B.S. in Business Administration from Bryant College and a M.S.F. from Bentley College.

Organization Position Status
Metabolix, Inc. Chief Financial Officer Current
Amicas, Inc. Board of Directors Current
Maconomy Corporation CFO Former
Amicas, Inc. Chief Financial Officer Former
Dirig Software, Inc. Chief Financial Officer Former
Amicas, Inc. Senior Vice President Former
Maconomy Corporation vice president Former
Dirig Software, Inc. Vice President Former
Maconomy Corporation Director Former
Bryant College B.S. Former

Chief Scientific Officer, Vice President, Research Oliver P. Peoples, Ph.D., a co-founder of Metabolix, has served as our chief scientific officer and vice president of research since January 2000, and was previously our director of research and vice president. Dr. Peoples has served as a director since June 1992. Prior to founding Metabolix, Dr. Peoples was a research scientist with the Department of Biology at the Massachusetts Institute of Technology where he emerged as a pioneer of the new field of metabolic pathway engineering and its applications in industrial biotechnology. The research carried out by Dr. Peoples at MIT established the fundamental tools and methods for engineering bacteria and plants to produce Mirel. Dr. Peoples has published numerous peer reviewed academic papers and is an inventor of over 90 patents and patent applications worldwide. Dr. Peoples received a Ph.D. in Molecular Biology from the University of Aberdeen, Scotland.

Organization Position Status
Metabolix, Inc. Chief Scientific Officer, Vice President, Research Current
Metabolix, Inc. Board of Directors Current
University of Aberdeen Ph.D. In Molecular Biology Former

Organization Position Status
Metabolix, Inc. Cfo and Vice President Current
Metabolix, Inc. Consultant Former
Wharton Graduate School of the University of Pennsylvania M.B.A. In Finance Former
Babson College B.S. In Business Administration Former

Johan van Walsem, Vice President of Manufacturing, Development and Operations, has more than 15 years experience in the processing industry, with more than 10 years' experience leading development and manufacturing efforts for large scale fermentation-based processes.

Organization Position Status
Metabolix, Inc. Vice President, Manufacturing, Development and Operations Current

Organization Position Status
Metabolix, Inc. Vice President Marketing Current
GE Plastics Vice President Former
GE Plastics Product Market Director Former

Anthony J. Sinskey, Sc.D., a co-founder of Metabolix, has served as a director since June 1992. From 1968 to present, Dr. Sinskey has been on the faculty of the Massachusetts Institute of Technology. Currently at M.I.T., he is Professor of Microbiology in the Department of Biology and Professor of Health Sciences and Technology in the Harvard-M.I.T. Health Sciences and Technology Program, as well as Co-Director of the Center for Biomedical Innovation. Dr. Sinskey serves on the board of directors of Tepha, Inc. Dr. Sinskey received a Sc.D. from Massachusetts Institute of Technology and a B.S. from the University of Illinois.

Organization Position Status
Metabolix, Inc. Cofounder Current
Merrimack Pharmaceuticals, Inc. Cofounder Current
Natural Pharmaceuticals, Inc. Current
Mehta Partners - Global Healthcare Investments Current
Qrxpharma Pty, Ltd. Current
LS9 Board of Directors Current
Merrimack Pharmaceuticals, Inc. Director Current
Tepha, Inc. Board of Directors Current
Metabolix, Inc. Board of Directors Current
Massachusetts Institute of Technology co-director Former
Massachusetts Institute of Technology Professor of Microbiology Former
U.S. Department of Energy Former
OSI Pharmaceuticals, Inc. Former
Genzyme Corporation Former
Massachusetts Institute of Technology Doctorate of Science Former
University of Illinois B.S. Former
Harvard School of Public Health Post Doctoral Fellowship Former
Massachusetts Institute of Technology Sc.D. Former

Organization Position Status
Tepha, Inc. President Former
Metabolix, Inc. Co-Founder Current
Tepha, Inc. President, CEO & Director Current
Tepha, Inc. Director Current
Metabolix, Inc. vice president included research and development Former
Manchester University Lecturer Former

Ben Locke, Director of Government Programs, is responsible for oversight of government projects and new business development in the government sector.

Organization Position Status
Metabolix, Inc. Director of Government Programs Current
Innovative Imaging Systems Vice President of Research Former
Boston University MBA In Corporate Finance Former
Tufts University M.S. In Electrical Engineering Former

Dan Gilliland, Director of Business Development, has over 25 years in marketing and sales of specialty polymers and materials. He is responsible for positioning and introducing Metabolix's products in the marketplace.

Organization Position Status
Metabolix, Inc. Director of Business Development Current

Organization Position Status
Metabolix, Inc. Brand Director Current

Marcia Miller, Director of Marketing, has over 20 years of experience in marketing, management and the launch of new products in both entrepreneurial and established companies. She is responsible for developing strategies for marketing, positioning and branding, PR and media relations.

Organization Position Status
Metabolix, Inc. Director, Marketing Current

Robert L. Van Nostrand has served as a director since October 2006. He is currently Executive Vice President and Chief Financial Officer of AGI Dermatics, a bio-pharmaceutical laboratory specializing in skin photobiology. Previously, Mr. Van Nostrand was with OSI Pharmaceuticals, Inc. for 21 years, most recently as the Senior Vice President and Chief Compliance Officer from 2005 until August 2007, and as the Vice President and Chief Financial Officer from 1996 through 2005. Prior to joining OSI, Mr. Van Nostrand was in a managerial position with Touche Ross & Co. (currently Deloitte and Touche). Mr. Van Nostrand serves on the board of directors of Apex Bioventures, Inc., a special purpose acquisition company focused in life sciences, and is Chairman of its audit committee, and he is on the board of Achillion Pharmaceuticals, Inc, a biotechnology company focused on infectious disease, and is Chairman of its audit committee. Mr. Van Nostrand received a B.S. in Accounting from Long Island University, New York, and completed advanced management studies at the Wharton School. Mr. Van Nostrand is a Certified Public Accountant. Stock transaction information provided by EDGAR Online. Metabolix, Inc. makes no representation or warranty with respect to any of the information contained herein, takes no responsibility for supplementing, updating or correcting any such information and shall have no liability with respect to any such information. This listing does not include derivatives, such as stock option grants or shares purchased through an employee stock purchase plan. For recent transactions, including derivative transactions, see our Section 16 SEC filings page.

Organization Position Status
Agi Dermatics Chief Financial Officer Current
Agi Dermatics Executive Vice President Current
Metabolix, Inc. Independent Director Current
Achillion Pharmaceuticals, Inc Chair Current
Metabolix, Inc. Chairman Current
Metabolix, Inc. Board of Directors Current
Achillion Pharmaceuticals, Inc Board of Directors Current
Orenco Systems Inc. Controller and Chief Accounting Officer Former
OSI Pharmaceuticals, Inc. Chief Compliance Officer Former
OSI Pharmaceuticals, Inc. Senior Vice President Former
OSI Pharmaceuticals, Inc. Treasurer and Secretary Former
Touche Ross & Co. Former
Wharton Graduate School of the University of Pennsylvania B.S. Former
Long Island University B.S. In Accounting Former

Dr. Robert Whitehouse, our Director of Applications Development, has over 30 years of experience developing and marketing specialty polymers for highly technical applications. Dr. Whitehouse is also responsible for the development of new applications and markets for Metabolix's PHAs. He also directs the company's external projects in applications research.

Organization Position Status
Metabolix, Inc. Director of Applications Development Current

Dr. Tom M. Ramseier, Associate Director of Microbial Development, leads the metabolic engineering team for the production of PHA Natural Plastic in microbes. He received his PhD in Molecular Biology from the Swiss Federal Institute of Technology in Zurich, Switzerland and has over 20 years experience in microbial strain development, genomics, and bioinformatics.

Organization Position Status
Metabolix, Inc. Associate Director of Microbial Development Current
Swiss Federal Institute of Technology PhD In Molecular Biology Former

Organization Position Status
Metabolix, Inc. Manager, Business Dev Current

Organization Position Status
Metabolix, Inc. Manager, Business Dev Current

Dr. Frank Skraly, Team Leader of Microbial Metabolic Engineering, has a Ph.D. in chemical engineering from the University of Wisconsin. He directs Metabolix efforts in development in new metabolic pathways for PHA monomers as well as overall strain improvement programs.

Organization Position Status
Metabolix, Inc. Team Leader of Microbial Metabolic Engineering Current
University of Wisconsin Ph.D. In Chemical Engineering Former

Organization Position Status
Metabolix, Inc. Principal Processing Engineer Current

Organization Position Status
Metabolix, Inc. Team Leader of Plant Metabolic Engineering Current
Purdue University Ph.D. Former

Sarah P. Cecil has served as legal counsel to Metabolix since July 2005 and as general counsel since the Company's initial public offering in November 2006. Previously she was corporate counsel at Vertex Pharmaceuticals from 1992 until 2001, and at Biogen from 1985 until 1991. Ms. Cecil's legal practice has also included clients in the food ingredients, computer services and clinical research industries, as well as several biotechnology companies. Ms. Cecil received an A.B. from Brown University, and she was a C.P.A. with Price Waterhouse before obtaining a J.D. from Harvard Law School.

Organization Position Status
Metabolix, Inc. General Counsel Current
Vertex Pharmaceuticals Incorporated Corporate Counsel Former
Brown University A.B. Former

Organization Position Status
Metabolix, Inc. Senior Fermentation Scientist Current
Tel Aviv University Ph.D. In Microbiology Former

Organization Position Status
Vertical Group Special Limited Partner Current
Vertical Group Chairman Current
Ventana Medical Systems, Inc. Director Current
Ventana Medical Systems, Inc. Board of Directors Current
Tepha, Inc. Director Current
Metabolix, Inc. Board of Directors Current
Synthetech, Inc. Director Former
Massachusetts Institute of Technology Masters in Industrial Management Former
Princeton University B.Ch.E. Former
Princeton University Degree in Chemical Engineering Former

Jay Kouba, Ph.D., has served as Chairman of the Board since April 2007, and Director since June 2006. From May 2007 until February 2008 he also served as President and Chief Executive Officer. Prior to joining Metabolix Dr. Kouba has served as the President of Oniro Consulting, a strategic management consulting firm. From January 1999 to December 2005, Dr. Kouba held several positions with BP's Petrochemicals Segment. From August 2004 to December 2005, Dr. Kouba served as senior vice president, strategy, marketing and technology for Innovene BP's olefins and polymers subsidiary, and earlier in 2004, as Vice President, Sales, Marketing and Logistics. Between 1999 and 2003, Dr. Kouba was Vice President, Technology. Dr. Kouba received a B.S. in Chemistry from Stanford University, a Ph.D. in Chemistry from Harvard University and a M.B.A. from University of Chicago..

Organization Position Status
Virent Energy Systems, Inc. Chief Executive Officer, Tetravitae Biosciences. Former
Virent Energy Systems, Inc. Board of Directors Current
Metabolix, Inc. Chairman of the Board, President and Chief Executive Officer Former
Innovene Inc. Senior Vice President, Strategy, Marketing and Technology Former
Metabolix, Inc. Independent Director Former
University of Chicago PhD Former
Harvard University Ph.D. In Chemistry Former
University of Chicago M.B.A. Former
Harvard University MS Former
University of Chicago BS Former
Stanford University B.S. In Chemistry Former

Matthew Strobeck, Ph.D., has served as director since September 2006. From May 2003 to the present, Dr. Strobeck has served as a senior investment analyst at Westfield Capital Management, specializing in healthcare and life sciences. Dr. Strobeck previously served as a consultant to the senior economic advisor to the commissioner of the Food and Drug Administration from August 2003 to May 2004. Prior to the Food and Drug Administration, Dr. Strobeck was a fellow in the Department of Biology at the Massachusetts Institute of Technology from December 2001 to June 2002. Dr. Strobeck received his B.S. from St. Lawrence University, a Ph.D. from the University of Cincinnati, a S.M. from Harvard University and a S.M. from the Massachusetts Institute of Technology Sloan School of Management.

Organization Position Status
Metabolix, Inc. Board of Directors Current
Semorex Inc. Director Current
University of Cincinnati Ph.D. Former
Harvard University S.M. Former
St. Lawrence University B.S. Former

Peter N. Kellogg is currently Executive Vice President and Chief Financial Officer of Merck & Co. He was Executive Vice President, Finance and Chief Financial Officer of Biogen Idec from November 2003 until August 2007. Prior to the Biogen Idec merger, Mr. Kellogg was Executive Vice President, Finance and Chief Financial Officer of Biogen, Inc. after serving as Vice President — Finance and Chief Financial Officer since July 2000. He joined Biogen, Inc. in 2000 from PepsiCo Inc., where he most recently served as Senior Vice President, PepsiCo E-Commerce from March to July 2000 and as Senior Vice President and Chief Financial Officer, Frito-Lay International, from March 1998 to March 2000. From 1987 to 1998, he served in a variety of senior financial, international and general management positions at PepsiCo and the Pepsi-Cola International, Pepsi-Cola North America, and Frito-Lay International divisions. Prior to joining PepsiCo, Mr. Kellogg was a senior consultant with Arthur Andersen & Co. and Booz Allen & Hamilton.

Organization Position Status
Metabolix, Inc. Board of Directors Current
Biogen, Inc. Chief Financial Officer Former
Biogen Idec, Inc. Chief Financial Officer Former
Biogen Idec, Inc. Executive Vice President, Finance Former
Biogen, Inc. Executive Vice President, Finance Former
Biogen, Inc. Senior Vice President Former
PepsiCo, Inc. Vice President Former
PepsiCo, Inc. General Manager, Pepsi Former
Booz Allen Hamilton, Inc. Senior Consultant Former
Arthur Andersen LLP senior consultant Former
Princeton University B.S.E. in Civil Engineering Former

Executive News

  • Metabolix Announces That Mirel Bioplastic Has Been Certified Compostable by the Biodegradable Products Institute

    Reuters - 6/24/09 - View Story

  • Metabolix Announces That Mirel(TM) Bioplastic Has Been Certified Compostable by the...

    Forbes.com - 6/24/09 - View Story

  • Metabolix Announces That Mirel„ Bioplastic Has Been Certified Compostable by the Biodegradable Products Institute

    Business Wire - 6/24/09 - View Story

  • Metabolix Announces Newell Rubbermaid as Latest Customer for Mirel„ Bioplastics

    Business Wire - 6/23/09 - View Story

  • Metabolix Announces Newell Rubbermaid as Latest Customer for

    Business Wire via MSN Money - 6/23/09 - View Story

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     MBLX $10.16 -0.02 (-0.20% )
Average Volume 101,982
Shares Outstanding 23.05M
Market Cap 234.1M
Year High 13.45
Year Low 4.62
Earnings Per Share -1.62
P/E Ratio -6.27
Dividend N/A
Yield N/A
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