29 September 2011

Thai PTT looks to acquire unnamed US PLA plant

Company already invested $60 mln in Massachusetts-based biotechnology firm Myriant Technologies to study the potential of bioplastics

PTT Plc’s Chief Executive Pailin Chuchottaworn confirmed in mid-September that his company is looking to complete the purchase of a US-based polylactic acid (PLA) plant before the end of September. Further details on the deal could not be revealed at this stage of the negotiations, it was added.

… Full text: renewablechemicals.agra-net.com/2011/09/thai-ptt-looks-to-acquire-unnamed-us-pla-plant/

Keywords: joint venture, polybutylene succinate (PBS)

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Source: Renewable Chemicals, 2011-09-29.

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