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 will 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 PLA is GMO-free, natural, and biodegradable material that is a sustainable alternative to oil-based polymers. PLA has a lower carbon footprint than most other polymers and can be marketed as a green alternative for packaging materials, fibres and non-woven textiles. The products would be marketed by IVL through its existing global marketing and sales network.
The products made by the combination of unique Lactide raw materials and unique PLA production process are able to deliver a quality that is stable at much higher temperature ranges than other bioplastics. The properties of this polymer allow it to be used for a variety of textile and packaging applications which have not been possible with other bio-based products so far and will open a large latent demand. PLA has many uses, like upholstery, disposable garments, awnings, food packaging, and disposable tableware.
“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.””We strongly believe in creating superior value for our customers by investing in sustainable products and technology.” says Aloke Lohia, Group CEO of Indorama Ventures. ”Purac gives us an opportunity to enter the space for a new generation of highly sustainable, biodegradable, low carbon footprint materials.”
About CSM
CSM is the largest supplier of bakery products worldwide and is global market leader in lactic acid and lactic acid derivatives. CSM produces and distributes an extensive range of bakery products and ingredients for artisan and industrial bakeries and for in-store as well as out-of-home markets. It also produces a variety of lactic acid applications for the food, chemical and pharmaceutical industries. CSM operates in business-to-business markets throughout Europe, North America, South America, and Asia, generates annual sales of € 3 billion and has a workforce of around 10,000 employees in 25 countries. CSM is listed on NYSE Euronext Amsterdam.
About Indorama Ventures
Indorama Ventures Public Company Limited, listed in Thailand (Bloomberg ticker IVL.TB) is the world’s leading producer in the polyester value chain with a strong global network and manufacturing across Asia, Europe and North America. Its products serve major players in diversified end use markets, including food, beverages, personal and home care, health care, automotive, textile, and industrial. The company’s main products are PTA, PET and Polyester fibre, which are distributed across the world. IVL has approximately 3,500 employee’s worldwide and annual consolidated revenue of $3 billion in 2010.
Contact:
Press: Eva Lindner, Communication Director,
Tel. +31 20 5906320
Analysts: Ian Blackford, Investor Relations Manager,
Tel. +31 (0)20 5906349 / cell phone +44 (0)7767 227506
Source
CSM global, 2011-02-23.
Supplier
CSM
Indorama Ventures Public Co. Ltd.
PURAC S.A.
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