Total Corbion PLA, a 50/50 joint venture between French oil giant Total and Dutch biochemical company Corbion, yesterday announced the start-up of its 75,000 tons per year PLA (Poly Lactic Acid) bioplastics plant in Rayong, Thailand. The plant has successfully produced Luminy® PLA resins, a bioplastic that provides a valuable contribution towards the circular economy being biobased and biodegradable and offering multiple environmentally-friendly waste solutions.
Dutch biochemical company Corbion is building its new PLA bioplastics polymerization plant at the existing Corbion site in Rayong, Thailand. Upon completion in 2018, it will be able to produce the complete Luminy® portfolio of PLA neat resins: from standard PLA to innovative, high heat resistant PLA.
Asia is the new center of gravity of the world bioeconomy. Thailand’s largest energy company, PTT Pcl, plans to invest about 40 billion baht (approximately 1 bln euro) to develop biochemical products over the next five years.
The move will help Thailand become a centre for the bioplastic industry in the Asia Pacific region, Chansin Treenuchagron, senior executive vice president for PTT’s petrochemical unit, said, adding that biochemicals are expected to contribute about 2 percent of PTT’s revenue by 2020.