All Updates

All Updates

icon
Filter
Funding
NatureWorks raises USD 350 million in debt funding to support Thailand PLA manufacturing plant
Bio-based Materials
May 20, 2024
This week:
Funding
EKORE raises EUR 1.3 million (~ USD 1 million) in seed funding to strengthen platform
Digital Twin
Dec 20, 2024
Funding
Culina Health raises USD 7.9 million in Series A funding to expand offerings and expand team
Functional Nutrition
Dec 19, 2024
FDA approval
ViGeneron receives IND clearance for VG801 gene therapy
Cell & Gene Therapy
Dec 19, 2024
Product updates
Reflex Aerospace ships first commercial satellite SIGI
Next-gen Satellites
Dec 19, 2024
Partnerships
Vast partners with SpaceX for two private astronaut missions to ISS
Space Travel and Exploration Tech
Dec 19, 2024
Management news
Carbios appoints Philippe Pouletty as interim CEO amid plant delay
Waste Recovery & Management Tech
Dec 19, 2024
Funding
BlueQubit raises USD 10 million in seed funding to develop quantum platform
Quantum Computing
Dec 19, 2024
FDA approval
Arbor Biotechnologies receives FDA clearance for ABO-101 IND application
Human Gene Editing
Dec 19, 2024
Partnerships
Funding
Personalis partners with Merck and Moderna for cancer therapy development and investment
Precision Medicine
Dec 19, 2024
Partnerships
COTA partners with Guardant Health to develop clinicogenomic data solutions for cancer research
Precision Medicine
Dec 19, 2024
Bio-based Materials

Bio-based Materials

May 20, 2024

NatureWorks raises USD 350 million in debt funding to support Thailand PLA manufacturing plant

Funding

  • NatureWorks, a sustainable biopolymer manufacturing subsidiary of Cargill, has received debt funding amounting to USD 350 million from Krungthai Bank for its new Ingeo PLA manufacturing facility in Thailand.

  • The funds will be used to construct the manufacturing facility and support its operations. The facility is expected to start operations by 2025 and will have an annual capacity of 75,000 tons of Ingeo biopolymer. It will be located at the Nakhon Sawan Biocomplex in Thailand, dedicated to the Bio-Circular-Green (BCG) Economic Model.

  • Analyst QuickTake: The loan is one of the biggest made by Thailand's third-largest bank. The funding also underscores Thailand’s aspirations to emerge as a global leader in bioeconomy. The new facility is also expected to aid the growth of various markets in the Asia-Pacific region, such as 3D printing, flexible packaging, and compostable food serviceware.

Contact us

Gain access to all industry hubs, market maps, research tools, and more
Get a demo
arrow
menuarrow

By using this site, you agree to allow SPEEDA Edge and our partners to use cookies for analytics and personalization. Visit our privacy policy for more information about our data collection practices.