A Cambridge, Massachusetts company called Metabolix developed has just developed Meril, a new biodegradable plastic. Meril biodegrades in "soil, ocean and wetlands", meaning it can biodegrade pretty much anywhere, not just in industrial facilities designed to help plastic degrade.
Mirel and current biodegradable plastics both have starch bases and are made using bacteria fermentation. However, current biodegradable plastics use polylactic acid(PLA), while Mirel uses polyhydroxyalkanoate(PHA) which "many microbes in soil and water feed on", allowing it to break down outside of industrial conditions.
With cities like San Francisco going "100% bioplastic bags" something like this not only reduces waste, but is a hot market. Unfortunately, costs are keeping biodegradable plastic bags in general from becoming widespread, but the easier they biodegrade, the cheaper the lifecycle of the bag should be. Hopefully this will make a mass switch come a little sooner.

written by Siju K jacob, March 10, 2008
I am very much interested to know more about bulk production of BioPlastic materials. Kindly provide the technical details PLA for bulk production of Bio plastic materials and a feasible solution for the production of this material.
written by Drug rehabilitation, March 13, 2008
written by Airynn, March 24, 2008
written by TOM CHUNG, June 05, 2008
written by Dave, August 05, 2010
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The Co-Op stores here, have been using biodegradable plastic bags for quite a few years. If you store anything in them at home, when you go to pick them up a year, or so later, they fall apart. :)