PLA Plant Corbion Purac to Build PLA Production Plant
Corbion Purac wants to do the next step in the bioplastics value chain by becoming a polylactic acid (PLA) producer and increase global PLA production capacity by a further 75,000 tons per year.
Corbion intends to construct a 75,000 t/a PLA plant in Thailand. The investment is estimated EUR 60 million. “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 Tjerk de Ruiter, CEO of Corbion. The company 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.
Corbion Purac will continue selling lactides to both existing and new PLA polymerization customers. Lactide sales for the coatings and adhesives markets will also continue. Many of Corbion’s existing polymerization customers have already successfully built a strong local presence and distribution channel, with great market coverage. Worldwide PLA capacity is almost sold out and with the PLA market expected to grow to 600,000 tons per year by 2025, the market is seeking additional PLA suppliers.