Thai companies team up to develop biorefineries to serve the bioplastics industry

In Thailand, Global Green Chemical has joined with Kaset Thai International Sugar to jointly develop a feasibility study for a biorefinery using sugarcane in Nakhon Sawan province that will produce Lactic Acid and Polylactic Acid from ethanol to feed into the bioplastics market. The investment plan should be ready by year’s end, with the mill and distillery expected to take up to three years to build. Funding for the project will partially come from the company’s IPO set for the second quarter of this year. Some of the capital raised will also go towards expanding its biodiesel facility to 500,000 metric tons per year from the current 300,000 tons.