MINNETONKA, Minnesota – (COMMERCIAL THREAD) – Continuing its plan for global manufacturing expansion, NatureWorks, the world’s leading manufacturer of low-carbon polylactic acid (PLA) biopolymers made from renewable resources, has obtained final approval from parent companies , GC International Corporation Company Limited, a subsidiary of PTT Global Chemical Public Company Limited (GC) and Cargill Incorporated (Cargill), to build a new Ingeo ™ PLA manufacturing complex in Thailand. NatureWorks plans to invest more than $ 600 million to build the complex, which will include lactic acid, lactide and polymer production sites, making it the world’s first PLA facility designed to be fully integrated.
“With the continued support of our parent companies, our plans for a second Ingeo PLA manufacturing site continue to progress,” said Rich Altice, President and CEO of NatureWorks. “This clearance was an important step that ensures that we will be ready to begin construction in 2022 of an integrated manufacturing complex that will help us meet the growing global market demand for sustainable materials. ”
Dr Kongrapan Intarajang, CEO of GC, said: “GC, Thailand’s leading chemical company and the world’s leading producer of environmentally friendly biochemicals, is committed to operating in accordance with sustainability guidelines and the principles of circular economy. Sustainability creates balanced growth in economic, social and environmental dimensions, driven by the SDG framework. Today, GC and Cargill, co-owners of NatureWorks, the world’s leading manufacturer of PLA biopolymers, are ready to increase their investments in the biochemical sector following the approval of the BOI’s investment promotion for NatureWorks.
“Cargill is delighted to take this next step with GC to support NatureWorks expansion through its second production facility,” continued Colleen May, President of Cargill Bioindustrial. “This marks an important milestone in our continued efforts to invest in sustainable solutions for bioindustrial customers around the world. ”
Construction of the new manufacturing complex to be located at the Nakhon Sawan Biocomplex (NBC) in Nakhon Sawan province will begin in the second quarter of 2022. With an opening scheduled for 2024, the facility will have an annual capacity of 75,000 tonnes of Ingeo biopolymer and produce the complete portfolio of Ingeo grades.
Following this shareholder approval, NatureWorks also selected engineering partners for the next phase of the project. Jacobs (NYSE: J) previously provided the basic engineering design for the new manufacturing site and will now complete final detailed engineering for the project. Additionally, IAG was chosen to partner with NatureWorks on engineering and construction, providing project management, project control and procurement services. Both companies were chosen because of their expertise in executing large global investment projects.
In 2002, NatureWorks became the first company to produce PLA biopolymers on a commercial scale. In 2013, NatureWorks expanded its flagship plant in Blair, Nebraska, to a total annual capacity of 150,000 metric tonnes, making it the largest PLA manufacturing facility in the world. NatureWorks also announced a capacity expansion in 2020 at its Blair plant to further increase the availability of Ingeo biopolymers.
The expansion of global production of Ingeo biopolymers will support the growth of 3D printing and hygiene markets, as well as compostable coffee capsules, tea bags, flexible packaging and catering items that demand durable materials with low carbon emissions and require the attributes of high performance that Ingeo is particularly suited to delivery.
For more information on NatureWorks and Ingeo, visit www.natureworksllc.com. Follow NatureWorks on Twitter (@natureworks) for the latest updates.
NatureWorks is an advanced materials company offering a broad portfolio of biopolymers and biochemicals made from renewable resources. With performance and economy that rivals petroleum-based materials, naturally advanced Ingeo ™ biomaterials are valued for their unique functional properties and used in products ranging from coffee capsules and devices to tea bags and filament. 3D printing. NatureWorks is jointly owned by Thailand’s largest integrated ASEAN petrochemical and refining company, GC, and Cargill, which provides food, agriculture, financial and industrial products and services to the world. For more information, visit natureworksllc.com or follow NatureWorks on Twitter at @natureworks.