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Into it. yesterday we talked about making it the oil. basically saraplast is banking on the idea to do some of this. frederick share is the ceo of the company, and he s here to explain a little bit more about it. hi, frederick, welcome to the show. good afternoon. thank you for having me. tell us a little bit about it. i tried to give a setback, but i m sure i botched some of it. did i basically give the right idea and what are you doing with algae? you absolutely did give the right idea. plastic is in everyday life and clearly plastic is something is very important for us, we cannot live without glas tick, but plastic has challenges which are number one it s made from one single feedstock which is fuel, and bioplastics are it s what we are doing, what we want to do is avoid that problem and trying to make product from different kind of feedstocks and, therefore, it is the reason why we re working with agricultural resources but we re looking at ....
Basically creating only 1.70 kilo of carbon dioxide. so, you re cutting that in half. basically we re reducing that. absolutely. and i anticipate anticipating that with the algae, we ll be even doing better than that. all right. good to talk to you. this is a great big idea, we hope it works out for you. we ll continue to follow this and one of these day s i ll brg my lunch to work in a container mailed of bioresins. good to talk to you. thank you very much. we ll have a conversation when we come back about beau biden, the vice president s son, he s 41 years old, and he was hospitalize yesterday with a stroke. how does a guy like that, a healthy, athletic guy, get a stroke? sanjay will tell us about it. i just want fewer pills ....
Fact, to have access to materials that will be low cost. we helping those companies. and if you if we take a little bit of perspective, if we trying to remember what happened about 150 million years ago, it s exactly what happened when we discovered when we discovered petroleum. you had a couple companies that basically drilled the oil. yep. get the oil out and starting to use it as a fuel, but then they were ending up with a lot of by-product. those by-product become the plastic of today, the chemical of today. ah. and it s, you know, 150 years ago well, we not reinventing the wheel, we just looking at something in a pattern that is basically more or less the same. so, you re taking a by-product of algae which can be used to make oil, you re taking the by-product of that and making it into what we think of as a by-product of oil, you re making it into plastics. are your plastics cheaper or more expensive than plastics made out of traditional petroleum? this is a key qu ....
Alternative feedstocks such as the algae and this is how, in fact, we came to the algae because we believe that algae could be a viable feedstock and could help us make sure that we will be creating products that are going to be affordable. all right. a lot of people think of algae as something in the water. we learned earlier this week about algae that s used to make oil, but it s algae that s farmed basically. is this what you re talking about, sort of creating algae, to do this? you re absolutely correct. basically if you look at all the companies that are interested i algae, they have a big problem, they create a mountain of biomass, a product that they don t know what to do with it, it s a by-product and this is exactly what we are interesting in. we basically take from those people and from those companies, we take, in fact, all the biomass, all the waste that they are creating, and we are transforming it into a feedstock for bioplastics. in doing this it s allow us, in ....