Corbion Purac intends to construct a 75kTpa PLA production plant
This announcement forms a part of Corbion’s updated strategic direction for 2015 – 2018. Tjerk de Ruiter, CEO of Corbion, comments: “As part of our strategic review we confirmed there is an attractive demand outlook for PLA, albeit at a lower growth pace than previously assumed. Given our strong position in lactic acid, our unique high heat technology and the market need for a second PLA producer, we plan to forward integrate in the bioplastics value chain, from being a lactide provider to a PLA producer.”
Corbion intends to invest in a 75 kTpa PLA plant (estimated EUR 60 million capex) in Thailand. “We will only commence with this investment if we can secure at least one-third of plant capacity in committed PLA volumes from customers”, states de Ruiter. Corbion will also continue exploring strategic alliances as part of their PLA growth strategy, in order to enhance the business opportunities while mitigating the associated risks.
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