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Bangkok Post

Cargill and PTTGC to build B20 bn biopolymer plant

US agribusiness giant Cargill Inc and Thailand's PTT Global Chemical Plc (PTTGC) announced on Tuesday they will build a biopolymer production facility at a cost of 20 billion baht in Nakhon Sawan.

The plant will be built through their joint venture, NatureWorks, and will help meet increasing demand for sustainable materials, PTTGC said in a statement.

The manufacturing complex will use about 110,000 tonnes of sugar annually from Thai farmers as a raw material and have an annual biopolymer capacity of 75,000 tonnes. It is due to begin operations in 2024.

Its products can be used to make hygiene masks, wiping cloths and food packaging.

The investment comes less than a month after PTTGC announced a 148 billion baht buyout of German coating resins maker Allnex.

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