In Minnesota, PTT Chemical is investing $150 million in NatureWorks.
PTT Chemical’s investment in NatureWorks, until now wholly owned by Cargill, is subject to regulatory approval. PTT Chemical’s investment supports NatureWorks intent to globalize its Ingeo manufacturing capability by building a new production facility in Thailand, supporting the Asian customer base. NatureWorks anticipates bringing the new plant online in 2015.
Over the past several years, NatureWorks has seen steady 25- to 30-percent increases in annual product demand. In the last two years, NatureWorks doubled its Ingeo supply availability by bringing online additional production capacity at its Blair, Neb., processing facility.