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People & Business :: Companies

PTT Chemical Buys Stake in Myriant

2:54 PM MST | January 24, 2011 | Vincent Valk

Thailand's PTT Chemical (Bangkok), a major petrochemical producer, has purchased an equity stake in biochemcials firm Myriant (Quincy, MA) worth $60 million, the companies announced today. The companies have also agreed to form a joint venture to deploy Myriant's technologies in Southeast Asia. Myriant is currently constructing a 30 million lbs/year biosuccinic acid plant at Lake Providence, LA "PTT Chemical Group invested $60 million in Myriant and will further collaborate with them in the research and development for green chemicals," says Veerasak...

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