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Friday, May 3, 2024

Thailand BOI Approves NatureWorks’s Over 15 Billion Baht Investment in New PLA Plant

NatureWorks’ plant will produce approximately 75,000 tons of PLA per year, the BOI said. The PLA resin is used to make biodegradable goods ranging from compostable food containers, to filament for 3D printing, hygiene masks, and household appliances.

“This project demonstrates once again Thailand’s leadership in the ASEAN region when it comes to the bioplastics value chain,” said Ms. Duangjai Asawachintachit, Secretary General of the BOI. “Our strong agricultural base offers the required raw materials, while our logistics networks and strategic location enable companies to realize the full potential of their investment.”

The plant will be located at the Nakhon Sawan Biocomplex, a project established in line with the country’s BCG concept (for Bio-Circular-Green economic activities), some 200 kilometers north of Bangkok. NatureWorks Asia Pacific is a wholly owned…

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