28 September 2009 12:07 [Source: ICIS news]
TOKYO (ICIS news)--Japanese chemical producer Mitsubishi Chemical Co (MCC) has signed an agreement with Thailand’s PTT to jointly study the development of bio-polybutylene succinate, a bio-degradable polymer made from biomass resources, MCC said on Monday.
MCC and PTT signed a memorandum of understanding on Friday, according to MCC.
In addition to conducting the study into polybutylene succinate and its feedstock bio-succinic acid, the two companies would conduct a feasibility study until June 2010 into the establishment of a joint venture, MCC said.
No financial details were disclosed.
MCC currently produces GS Pla, its own polybutylene succinate product, which is made from petroleum-based succinic acid in ?xml:namespace>
In line with Thai government policies, PTT has been heavily involved in the development of bio-related businesses such as those focused on biofuels and bio-based polymers, according to MCC.
To discuss issues facing the chemical industry go to ICIS connect
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections