Saturday, August 28, 2010

No. 146: Mitsubishi Chemical allies with Thai National Oil to produce bioresin (August 28, 2010)

Mitsubishi Chemical will produce plant-derived bioresin in Thailand in alliance with Thai National Oil (PTT). The company will build a special plant in 2013 in Thailand where raw materials are in stable supply and export plant-derived bioresins to Japan and western countries where they enjoy growing demand for materials of plates and utensils as well as for packing materials. With an investment of about five billion yen, the two companies will build a plant to produce biodegradable resin that replaces general-purpose polyethylene resin. They are scheduled to reach an agreement on details including investment ratio within the year and set up a joint venture company toward next spring. The annual production is scheduled at 20,000 tons. Because the plant-derived resin does not increase carbon dioxide emissions, utilizing plant-derived resin is growing popular in advanced countries as the material of parts and components of cars and home electronic appliances.
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