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People & Business :: Green Issues

PTT Global Chemical and Myriant form Auria BioChemicals joint venture

3:39 AM MDT | May 11, 2013 | Natasha Alperowicz

The board of PTT Global Chemical (PTTGC; Bangkok) has approved the formation of a joint venture with Myriant Corp. (Quincy, MA) to commercialize bio-based technology in Southeast Asia. The joint venture, Auria BioChemicals Co., was registered in Thailand on 3 May 2013 with a registered capital of 90 million Thai baht ($3 million). PTTGC holds 54% in Auria with Myriant holding the remainder. PTTGC owns 47.25% in Myriant via PTT Chemical International, a wholly owned PTTGC subsidiary.    The joint venture will conduct research and development into...

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