New foster home for NatureWorks as PTT invests $150 million for a 50% stake

Last week, PTT Chemical invested $150 million for a 50% stake in PLA-producer NatureWorks (see also the October 6, 2011 LRMCJ). With its new partner, NatureWorks plans to open a PLA production facility in Thailand by 2015, to supplement its 140,000-ton capacity in Nebraska. Notably, the two firms ar...

This research is archived and therefore no longer available. For further assistance please contact your Customer Success Manager or email ClientEngagementTeam@luxresearchinc.com. Thank you!

Related Research

Spinnova adds yet another brand name to its list of partners – this time, it's The North Face

News Commentary | August 25, 2021

Spinnova previously announced partnership deals with major brands including H&M and Adidas, and now it has added The North Face to its impressive downstream partner list. Fashion and outdoor brands including The North Face have made commitments to switch to more sustainable materials. In this ... Not part of subscription

Is supply pact with Total Corbion PLA a step into the light for Danimer Scientific?

News Commentary | November 19, 2021

Both Danimer Scientific and Total Corbion PLA have long sought to replace incumbent plastics with bioplastic alternatives, including blends. While inking a long‑term supply agreement suggests that Danimer's blends may have gained some market traction, it's hard to tell given that the company has ... Not part of subscription

Mitsubishi takes shot at being first to commercialize MMA from biobased feedstock

News Commentary | February 25, 2022

The global demand for MMA (methyl methacrylate) exceeded 6.8 million tonnes in 2020. But MMA producers have been slow to adopt biobased feedstocks, as they've done with precursors for more common plastics like polyethylene and polypropylene. Mitsubishi Chemical Corporation and its subsidiary ... Not part of subscription