{"id":35832,"date":"2016-07-04T07:26:46","date_gmt":"2016-07-04T05:26:46","guid":{"rendered":"https:\/\/rss.nova-institut.net\/public.php?url=https%3A%2F%2Filbioeconomista.com%2F2016%2F06%2F27%2Fptt-plc-to-develop-biochemical-products-over-the-next-five-years-in-thailanf%2F"},"modified":"2016-07-02T12:29:20","modified_gmt":"2016-07-02T10:29:20","slug":"ptt-plc-to-develop-biochemical-products-over-the-next-five-years-in-thailand","status":"publish","type":"post","link":"https:\/\/renewable-carbon.eu\/news\/ptt-plc-to-develop-biochemical-products-over-the-next-five-years-in-thailand\/","title":{"rendered":"PTT Plc to develop biochemical products over the next five years in Thailand"},"content":{"rendered":"<p><a href=\"https:\/\/ilbioeconomista.files.wordpress.com\/2016\/06\/9ca08f30aca26a0432f3f90f2889-grande.jpg\" rel=\"noreferrer\"><img decoding=\"async\" title=\"ptt grande.jpg\" src=\"https:\/\/ilbioeconomista.files.wordpress.com\/2016\/06\/9ca08f30aca26a0432f3f90f2889-grande.jpg?w=636\" alt=\"image\" \/><\/a><\/p>\n<p><strong>Asia is the new center of gravity of the world bioeconomy. Thailand\u2019s largest energy company, PTT Pcl, plans to invest about 40 billion baht (approximately 1 bln euro) to develop biochemical products over the next five years.<\/strong><\/p>\n<p>The move will help Thailand become a centre for the bioplastic industry in the Asia Pacific region, Chansin Treenuchagron, senior executive vice president for PTT\u2019s petrochemical unit, said, adding that biochemicals are expected to contribute about 2 percent of PTT\u2019s revenue by 2020.<\/p>\n<p>PTT (formerly known as Petroleum Authority of Thailand) group has joined with Japan\u2019s Mitsubishi Chemical Holding Corp to form a $100-million joint venture to build Thailand\u2019s first polybutylene succinate (PBS) plant with an annual capacity of 20,000 tonnes.<\/p>\n<p>The commercial run is expected to start in the second half of 2016, Chansin said. PTT subsidiary PTT Global Chemical Pcl is also considering investing in building a polylactic acid (PLA) plant in Thailand, he said.<\/p>\n<p>PBS and PLA, key raw materials for biodegradable plastics, can be produced from sugar or cassava, which are abundant in Thailand.<\/p>\n<p>PTT\u2019s Chansin called on the government to offer tax incentives to produce bioplastics because costs for biodegradable products are two or three times higher than for non-biodegradable ones.<\/p>\n<p>PTT is one of the largest corporations in the country and also the only company from Thailand listed in Fortune Global 500 companies.<\/p>\n<p>&nbsp;<\/p>\n<p>Powered by:<br \/>\n<a target=\"_blank\" href=\"http:\/\/www.ilbioeconomista.com\/\"><img decoding=\"async\" src=\"\/media\/partner\/ilbioeconomista.jpg\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Asia is the new center of gravity of the world bioeconomy. Thailand\u2019s largest energy company, PTT Pcl, plans to invest about 40 billion baht (approximately 1 bln euro) to develop biochemical products over the next five years. The move will help Thailand become a centre for the bioplastic industry in the Asia Pacific region, Chansin [&#8230;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_seopress_robots_primary_cat":"","nova_meta_subtitle":"","footnotes":""},"categories":[5572],"tags":[6843,5847,5829],"supplier":[1009,7859],"class_list":["post-35832","post","type-post","status-publish","format-standard","hentry","category-bio-based","tag-biochemicals","tag-bioplastics","tag-economy","supplier-mitsubishi-chemical","supplier-pttgc"],"_links":{"self":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/posts\/35832","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/comments?post=35832"}],"version-history":[{"count":0,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/posts\/35832\/revisions"}],"wp:attachment":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/media?parent=35832"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/categories?post=35832"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/tags?post=35832"},{"taxonomy":"supplier","embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/supplier?post=35832"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}