PTTMCC Biochem (PTTMCC), a joint venture between PTT PLC and Mitsubishi Chemical, has selected BioAmber Inc. as its partner for a polybutylene succinate (PBS) plant that will begin construction in Thailand in 2012. BioAmber will build a biobased succinic acid plant in Thailand and supply PTTMCC with biobased succinic acid on an exclusive basis. Succinic acid is the principal starting material for the production of PBS, along with 1,4-butanediol.
BioAmber Inc., through its subsidiary Bluewater Biochemicals, has identified Sarnia, Ontario, Canada, as the site for its first North American biobased succinic acid production facility. The plant will have an initial annual production capacity of 17,000 metric tons and is anticipated to be commissioned in 2013. Permitting work for the facility began in June.
Green chemistry using renewable raw materials has value in itself as a business that is complementary (as opposed to alternative) to traditional chemistry; some of the applications, in their environmental performance and/or practical use, offer a clear advantage over what synthetic plastics can offer.
Here is a post gathering all new bio building blocks and bio-polymers releases over the last few months. We distinguish three types of products, those that already are commercialized or very close to be, those that are still being developed and the fundamental findings that have recently been published. Sugar-based chemicals for example can be used as building blocks to produce new monomers, polymers and additives for the commercial plastics industry. The monomeric products can be either incorporated in the backbone of new polymers or converted to low molar mass additives for thermoplastics and thermosets or as specialty chemicals.
No matter the maturity of those projects they all prove the activity of the bio-based plastic industry.
PTT and Mitsubishi Chemical Corporation (MCC) have co-invested Bt7 billion in the world’s first factory manufacturing polybutylene succinate (PBS) from bio-material.
Prajya Phinyawat, chief executive officer of PTT’s downstream petroleum business group, yesterday said it had set up a joint venture called PTT MCC Biochem with registered capital of Bt360 million. Investment was made on a 50:50 basis.