09 February 2011 16:55 [Source: ICIS news]
LONDON (ICIS)--BASF will consider expanding its bioplastics production capacity following the acquisition of a licence from ?xml:namespace>
The Germany-headquartered company said new green field plants would be required to produce the compounds. However, it did not disclose potential locations.
“BASF is reviewing global demand and potential for production to meet the market needs,” the company said in a statement to ICIS. The bioplastics market is expected to continue to grow by more than 15%/year, it added.
BASF intends to market the PLA and PBAT compounds under its Ecovio brand. The biodegradable polymer Ecovio is a blend of BASF’s Ecoflex biodegradable aliphatic-aromatic copolyester and corn sugar-based PLA.
BASF has the capacity to produce 15,000 tonnes/year of Ecovio in
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