Volume 89 Issue 5 | p. 28
Issue Date: January 24, 2011

Banking On Green Chemistry

Biobased Materials: Thailand's PTT Chemical puts down $60 million on Myriant's bio-based succinic acid venture
Department: Business
News Channels: Environmental SCENE
Keywords: succinic acid, biobased chemicals, Thailand

Aiming for leadership in bio-based chemicals, PTT Chemical, Thailand's largest petrochemical producer, has invested $60 million in Myriant Technologies, a Quincy, Mass.-based firm that plans to build the world's largest bio-based succinic acid facility in Louisiana.

The investment is the second significant development in recent weeks for Myriant. Earlier this month, Louisiana Gov. Bobby Jindal announced the imminent start of construction on Myriant's succinic acid facility, in Port of Lake Providence. . . .

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