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Business

Corbion, Total in bioplastics venture

by Michael McCoy
November 21, 2016 | APPEARED IN VOLUME 94, ISSUE 46

The French energy giant Total is buying into Corbion’s project to build a polylactic acid plant in Thailand. The plant, for which Corbion recently broke ground, will be able to produce 75,000 metric tons per year of the bioplastic. Each party will contribute $70 million to the venture. About $40 million of Corbion’s contribution will be in the form of its existing lactide monomer facility at the site. The partners predict that the polylactic acid market will grow 10–15% annually through 2025.

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