Total and Corbion have joined forces to develop bioplastics by creating a 50/50 joint venture to produce and market Poly Lactic Acid (PLA) polymers. The company is based in the Netherlands and was established in March 2017. Today, Total Corbion PLA is in pre-marketing stage in anticipation of their new world-class 75 kTpa PLA polymerization plant, which is under construction in Rayong, Thailand. The plant is expected to start-up in the second half of 2018.
Read the full press release of the establishing of the joint venture here.
PLA is a fast-growing polymer market segment with an estimated annual growth rate of 10 to 15% to 2025. Biodegradable and industrially compostable, PLA is one of the first renewable polymers able to compete with existing polymers, combining unique functional properties like transparency, gloss and stiffness. PLA is currently used in a broad range of markets, including food packaging, single-use tableware, textiles, oil and gas, electronics, automotive and 3D printing.