PTT delays PLA plant on slow demand | Bangkok Post: business

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PTT delays PLA plant on slow demand

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The giant oil and gas conglomerate PTT Plc has decided to delay its polylactic acid (PLA) joint venture for up to two years on concerns over slow demand for green plastics in the global market. 

NatureWorks LLC, the US-based company in which PTT Global Chemical Plc (PTTGC) holds a 50% share with Cargill Inc, planned to start construction of Asia's first PLA plant at the end of this year for a total cost of US$200 million.

The facility, the second of its kind in the world after one in Nebraska, was scheduled to operate in 2015 with annual capacity of 140,000 tonnes.

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