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Mitsubishi Chemical and PTT Form JV for Biodegradable Plastic

10:40 PM MDT | March 31, 2011 | Deepti Ramesh

Energy company PTT (Bangkok) and Mitsubishi Chemical have established PTT MCC Biochem, a 50-50 joint venture company for the production of polybutylene succinate (PBS), a biodegradable plastic. The investment is in accordance with PTT’s strategy to enter the bioplastic business in order to ensure a sustainable green environment, the company says. Further details of the jv were not disclosed. Mitsubishi and PTT signed an agreement in 2009 to jointly conduct a study for business development of bio-polybutylene succinate, a biodegradable polymer made from...

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