MINNEAPOLIS (Sept. 15, 1:30 p.m. ET) — PTTMCC Biochem Co. Ltd., a joint venture between PTT Public Co. Ltd. of Thailand and Mitsubishi Chemical Corp. of Japan that is building a bio-based chemical plant in Thailand, has signed a supply agreement with BioAmber Inc.
Minneapolis-based BioAmber will secure feedstock for a planned facility in Thailand that will produce the bioplastic polybutylene succinate.
The Map Ta Phut, Thailand, plant is due to start construction in 2012.
PTTMCC will help BioAmber secure biomass for the succinic acid plant, initially sourcing sugar from cane and/or tapioca, and subsequently biomass sugars.
“Partnering with BioAmber will allow PTTMMC to have competitive biosuccinic acid from a local source by 2014,” said Shigeru Handa, a general manager at Mitsubishi Chemical and a member of PTTMCC's board of directors, in a news release.