January 23, 2013

NatureWorks starts Asia expansion plans

It has been quite a while since the blog had an update about NatureWorks' plans for its polylactic acid (PLA) expansion in Thailand ever since PTT Global Chemical announced the completion of its 50% stake acquisition of NatureWorks in June last year which was worth $150m.

Actually, NatureWorks still did not formally announce on its recent press release about the current status of the planned 300m lb/year PLA plant that supposedly should start operating in late 2015. Instead, the company says it has selected Bangkok as its first Asia Pacific regional headquarter, and that it has expanded its team to enhance support of Ingeo customers throughout the region.

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