CSM and Indorama Ventures in Alliance Discussion for PLA
CSM's subsidiary Purac and Indorama Ventures PLC (IVL) are in discussions to set up a polylactic acid (PLA) manufacturing facility in Thailand, with an initial capacity of 10,000 tons per annum being raised to 100,000 tons per annum after developing application specific grades. This product would be based on high purity (GMO free) Lactides produced by Purac. The Lactide monomers for the production of PLA will be sourced from Purac’s Lactides production plant in Rayong, Thailand as well as from other Purac sites.
"This collaboration with IVL is an important step in the market development for PLA because in addition to being the largest polyester producer in the world, IVL is a leading manufacturer of raw materials for textiles and packaging” says Gerard Hoetmer, Chief Executive Officer of CSM. "This partnership will widen the scope of such biodegradable applications and accelerate our market development of PLA. It will be another milestone on the way towards providing an important role for bioplastics in the fast-growing packaging and materials space.”
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