Japan’s MCC, Thailand’s PTT launch bio-degradable polymer study

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 Japan and marketed worldwide, MCC said.

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.

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By: Tomomi Yokomura
+65 6780 4359

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