Corbion on track for 75kTpa PLA plant construction_by chemwinfo

2 March 2016

ABOUT CORBION

DETAILS

Corbion confirms its intention

to construct a 75kTpa PLA plant 

scheduled to open in 2018.

Corbion today announces it has completed

the pre-engineering for a PLA polymerization plant

and is entering the basic-engineering phase.

Following strong customer interest in PLA,

Corbion commenced with pre-engineering in 2015.

The plant, with an annual capacity of 75 kT,

will be located in Thailand, Rayong Province

at the existing Corbion site.

It will be able to produce a complete portfolio of PLA polymers,

ranging from

standard PLA to innovative high-heat resistant PLA.

Additionally, Corbion will expand its existing lactide plant

in Thailand by 25 kTpa. With this expansion the company

will be able to serve both its own PLA plant

and current and future lactide customers.

The lactide expansion will also enable

the production of a wider range of lactides than is currently possible.

Construction, which is expected to require

capital expenditures of approximately € 65 million

for the PLA plant and € 20 million for the lactide plant,

is expected to start later this year with

a targeted start-up in the second half of 2018.

Corbion’s pre-marketing activities continue

and a portfolio of PLA resins is commercially available

for technical validation.

As part of its strategy Disciplined Value Creation,

announced on 30 October 2014, Corbion

is accelerating its thrust into the biotechnology arena,

making the next step in the bioplastics value chain

by becoming a PLA producer.

Corbion will also continue to

explore strategic opportunities

as part of its PLA growth strategy.

PLA is a unique bioplastic,

being both biobased and biodegradable.

Tjerk de Ruiter,

CEO of Corbion

“We have now obtained the necessary technical and

 financial validation for such a plant,”

READ MORE

For more information, please contact:

Press:

Karin Roeleveld,

Director Corporate Communications

+31 (0)20 590 6324,

+31 (6) 50 576 912

Analysts and investors:

Jeroen van Harten,

Director Investor Relations

+31 (0)20 5906293,

+31(0)6 21 577 086

WWW.CHEMWINFO.COM  BY KHUN PHICHAI