$400m bioplastic plant considered
NatureWorks may partner with PTT
- Published: 13/09/2010 at 08:33 AM
- Newspaper section: Business
NatureWorks LLC, the world's number one bioplastic company, has been in talks with potential partners including PTT Plc to jointly invest in a large-scale bioplastic plant in Thailand worth about $400 million.
The plan could make Thailand the location of the first polylactic acid (PLA) plant in Asia in 2014 and the second globally, says Marc Verbruggen, president and chief executive of the Minnesota-based company.
NatureWorks' PLA plant in Nebraska opened in 2003 as the first of its kind in the world. It doubled its capacity to 150,000 tonnes annually in the middle of last year.
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About the author
- Writer: Nareerat Wiriyapong
- Position: Business Reporter
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