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Comment Business & Economics

Corbion Purac plans to construct a large PLA production plant in Thailand  

By Gerald Ondrey |

Corbion Purac (Amsterdam, the Netherlands www.corbion.com) will accelerate its thrust into the biotechnology arena, making the next step in the bioplastics value chain by becoming a PLA producer. With entry into PLA, Corbion Purac intends to bring new biodegradable solutions to the plastics industry, and increase global PLA production capacity by a further 75,000 ton/yr. This announcement forms a part of Corbion’s updated strategic direction for 2015–2018. Tjerk de Ruiter, CEO of Corbion, comments: “As part of our strategic review we confirmed there is an attractive demand outlook for PLA, albeit at a lower growth pace than previously assumed. Given our strong position in lactic acid, our unique high heat technology and the market need for a second PLA producer, we plan to forward integrate in the bioplastics value chain, from being a lactide provider to a PLA producer.” Corbion intends to invest in a 75,000-ton/yr PLA plant (estimated €60 million capex) in Thailand. “We will only commence with this investment if we can secure at least one-third of plant capacity in committed PLA volumes from customers”, states de Ruiter. Corbion will also continue exploring strategic alliances as part of their…
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