Corbion plans bioplastic production plant in Thailand

By Erin Voegele | March 11, 2016

Netherlands-based Corbion recently announced it has completed pre-engineering for a 75,000-ton-per-year (polylactic acid) PLA polymerization plant, and is entering the basic-engineering phase. The €65 million ($71.59 million) project, which will be located at an existing Corbion site in Rayong Province, Thailand, is expected to produce a complete portfolio of PLA polymers, ranging from standard PLA to innovative high-heat resistant PLA. 

“We have now obtained the necessary technical and financial validation for such a plant,” said Tjerk de Ruiter, CEO of Corbion.

Corbion also announced plans to expand its existing lactide plant in Thailand by 25,000 tons per year in order to serve both its own PLA plant and current and future lactide customers. The €20 million lactide expansion is also expected to enable the production of a wider range of lactides than is currently possible.

Construction is expected to begin later this year, with a target startup date in the second half of 2018. Corbion indicated its premarketing activities are continuing, and noted a portfolio of PLA resins is commercially available for technical validation.

The company also recently released 2015 financial results, reporting organic EBITDA growth of 16.2 percent, reaching €150.3 million. Net sales for fiscal year 2015 increased by 19.2 percent, reaching €918.3 million.