PTT will propose to the Energy Ministry and the Cabinet that promotion of the bioplastics industry be made a national agenda item to stimulate domestic demand for the products.
Nuttachat Charuchinda, chief operations officer for PTT’s downstream petroleum business group, yesterday said bioplastic production required high investment and entailed a higher production cost than conventional plastic. It is therefore important that consumption of bioplastic products be strongly promoted.
PTT is developing the Asia Industrial Estate in Rayong, which will become its base for bioplastic production, as well as that of its partners.
Tags: conglomerate, joint venture, bio-succinic acid, polybutylene-succinate plastic pellets, sugar, PLA