On 8 April 2013, ROTEC (a subsidiary of the Renova Group) and Purac (a subsidiary of CSM), signed a co-operation agreement for an economic feasibility study of a Poly Lactic Acid (PLA) bioplastic supply chain in Russia.
In the study, ROTEC will focus on a location analysis related to the availability of optimal agricultural land and feedstocks and potential production locations, as well as research of the Russian market. Purac, leading player in natural food preservation and bio-based building blocks & chemicals, will focus on the analysis of the optimal available feedstock-to-PLA technologies and defining the business case.
Purac is a leading company in food preservation, biobased chemicals and lactic acid based bioplastics and the worldwide market leader in lactic acid, lactic acid derivatives and lactides. Purac has over 80 years of experience in the development, manufacturing and marketing of these products in a broad range of industries. Purac operates production plants in the USA, the Netherlands, Spain, Brazil and Thailand and markets its products through a worldwide network of sales offices and distributors. Purac is headquartered in The Netherlands and is a part of CSM.
CJSC Rotec ensures the development of the Renova Group’s high-technology assets. Its main focus is on innovation projects in oil production and refining, petrochemical, energy and other industries. Besides, the sphere of the company’s competences extends to the formation and development of the infrastructure of the Group’s foreign assets and establishment of research and development centers in the Russian Federation. Rotec’s main shareholder is the Renova Group.
Source: Purac S.A., press release, 2013-04-08.