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PTT Global Chemical increases stake in Myriant

8:08 AM MST | December 24, 2013 | Deepti Ramesh

PTT Global Chemical (PTTGC; Bangkok) says that, on 23 December, its wholly owned subsidiary PTT Chemical International acquired an additional 25.44% stake in Myriant (Quincy, MA). With the acquisition of the additional shares, PTTGC now holds a 72.62% stake in Myriant. Financial details of the deal have not been disclosed. Earlier this year, PTTGC and Myriant decided to form a biobased chemicals joint venture to commercialize biobased technology in Southeast Asia. Myriant is currently conducting R&D into biobased chemicals and the company owns a biobased...

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