London +4420 814 42225
Moscow +7495 543 9194
Kiev +38044 599 2950
info@mrcplast.com

Our Clients

Order Informer

 
Home > News >
 

Myriant Technologies gets US$60 mln investment from PTT Chemical Group

January 27/2011

(Plastemart) -- Biotech developer and manufacturer of renewable bio-based chemicals, Myriant Technologies Inc. has closed a US$60 mln strategic equity investment from PTT Chemical Group (PTT Chemical), Thailand's largest petrochemical producer. Myriant will utilize the investment for the ongoing development of its bio-based high-value chemicals technology, as well as to help fund the rapid commercialization of its succinic acid platform, including construction of a succinic acid plant in Lake Providence, Louisiana.


The investment includes the signing of the Head of Agreement for the establishment of a joint venture between PTT Chemical and Myriant for deploying Myriant's technology in Southeast Asia. By combining PTT Chemical's R&D capabilities and Myriant's sophisticated technology, the joint venture will further drive technologies for the manufacturing of green chemicals using the abundant high quality bio-based feedstock available in Thailand and the Asian region.


mrcplast.com

 

Tags:No
Category:General News
|
| More

Leave a comment

MRC help

 


 All News   News subscribe