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NatureWorks' new plant in Thailand approved, with an annual output of 75,000 tons of PLA

 Last Update: 2022-08-29
 Source: Internet
 Author: User

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equity method investment

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According to statistics, the current mainstream domestic PLA manufacturers include Hisun Bio, Anhui Fengyuan, etc.
The newly built/planned PLA production capacity in the next few years will be about 4.
6 million tons.
Science and technology plans to put into production 200,000 tons, Anhui Fengyuan plans to put into production 2 million tons

NatureWorks expects to invest more than $600 million to build this integrated production base, which includes the manufacture of lactic acid, lactide and polymers, and is expected to be the world's first fully integrated PLA polylactic acid plant

Rich Altice, President and CEO of NatureWorks, said: "Thanks to our parent company's continued support as we move forward with our plans for a second Ingeo PLA site

Konggrapan Intarajang, CEO of PTT Global Chemicals, said: "Today, following the approval of the Thailand Investment Promotion Board's investment promotion project for NatureWorks, PTT Global Chemicals and Cargill, the joint owners of NatureWorks Corporation, the world's top PLA biopolymer manufacturer Ready to expand investment in the biochemical field

"Cargill is pleased to further collaborate with PTT Global Chemicals to support NatureWorks' expansion plans by establishing a second facility,

" said Colleen May, president of Cargill Bioindustries.

It is expected to operate in 2024, with an annual production capacity of 75,000 tons

Construction of the new production site at the Nakhon Sawan Biotechnology Complex (NBC) will begin in the second quarter of 2022, with operations expected to start in 2024

NatureWorks has steadily expanded its production capacity in recent years

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