18 January 2000 07:03 [Source: ICIS news]
SINGAPORE (CNI)--Cargill Dow Polymers (CDP), the 50:50 joint venture between Cargill Inc and The Dow Chemical Co in the US, sees increasingly environmentally-conscious Japan as a major market for its new biodegradable polylactic acid (PLA) polymer, CNI was told Tuesday.
The company has firmed supply agreements with four Japanese processors, industry sources in Tokyo said.
CDP produces the polymer at a 3630 tonne/year pilot plant that is being expanded to 7259 tonne/year. A commercial facility of 136 116 tonne/year is scheduled to come onstream in Q4 2001, in Blair, Nebraska.
CDP currently is test-marketing its PLA polymer, which is made from corn and biodegrades into water and carbon dioxide after use. The company expects to grow the product's acceptance in Japan through its deal with the four importers:
CDP reportedly projects revenues of $200m (Euro194m)/year from PLA polymer by 2004. About a third of that could come from Japan.
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