7 January 2014
Details
PTT Global Chemical Plc. (PTTGC) has
* has purchased shares from
the existing shareholders and
* reduced its issued and outstanding capital
by cancellation of those purchased shares.
As a result,PTTGC's shareholding in
Myriant changes to 84.77 %
after the reduction in issued and outstanding shares.
PTTGC supports business management of Myriant
in order to
* achieve transformation into PTTGC's
biotechnology Research and Development Center
as well as
* strengthen its fundamentals for
commercial production in the future.
About Myriant Corporation
At present, Myriant
* conducts research and development
of Bio-based chemicals for production of
various chemicals which are environmentally friendly and
* owns a bio-based succinic acid plant
in Louisiana, USA with an approximately
production capacity of 14,000 tons per year.
About bio-based succinic acid
Bio-succinic acid can be combined with
1,4 butandediol (BDO) to create
high performing green
Polybutylene Succinate (PBS),
a key polymer used to make a wide range of applications,
including mulch films.
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