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        <div id="content-top1">Page 27 - Plastics News March 2016</div>
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    <pre style="white-space:pre-line"><code>Company News

  Mitsui Chemicals & SKC                                                         Corbion completes pre-
  Polyurethanes launch                                                           engineering for PLA
  bio-polyol JV in India                                                         polymerization plant

 Mitsui Chemicals & SKC Polyurethanes Inc. (MCNS)                                Corbion has completed the pre-engineering for
          celebrated the official launching of its joint venture bio-                 a PLA polymerization plant and is entering
    polyol manufacturing company in India, Vithal Castor Polyols                 the basic-engineering
    Pvt. Ltd. (VCP), with an opening ceremony. At the ceremony,                  phase. Following strong
    Co-CEOs of MCNS Ki Don Won and Hiroyasu Ishimaru and Jayant                  customer interest in PLA,
    Agro-Organics Ltd. Chairman Abhay V. Udeshi addressed the                    Corbion commenced with
    guests which included ministers from the South Korean and                    pre-engineering in 2015.
    Japanese missions in India and other important persons.                      â€œWe have now obtained the
                                                                                 necessary technical and
    VCP was established as a joint venture of Mitsui Chemicals                   financial validation for such
    (Tokyo:4183; President & CEO: Tsutomu Tannowa), Itoh                         a plant,â€ comments Tjerk
                                                                                 de Ruiter, CEO of Corbion.
                                                           Oil Chemical Co.,     The plant, with an annual capacity of 75000 tpa,
                                                           Ltd. (President:      will be located in Thailand, Rayong Province at the
                                                           Masatsugu Akita),     existing Corbion site. It will be able to produce a
                                                           and India's Jayant    complete portfolio of PLA polymers, ranging from
                                                           Agro-Organics Ltd.    standard PLA to innovative high-heat resistant
                                                           The company aims      PLA. Additionally, Corbion will expand its existing
                                                           to manufacture        lactide plant in Thailand by 25,000 tpa. With this
                                                           and sell bio-polyol   expansion the company will be able to serve both
                                                           using Indian castor   its own PLA plant and current and future lactide
                                                           oil from non-edible   customers. The lactide expansion will also enable
                                                           plants as a main raw  the production of a wider range of lactides than is
 At the ceremony, Co-CEOs of MCNS Ki Don material. 80% of the                    currently possible.
    Won and Hiroyasu Ishimaru and Jayant worldâ€™s castor oil is
Agro-Organics Ltd. Chairman Abhay V. Udeshi produced in India.                   Construction, which is expected to require capital
                                                          VCPâ€™s manufacturing    expenditures of approximately â‚¬ 65 mln for the
    plant in India, which commenced commercial operations                        PLA plant and â‚¬20 mln for the lactide plant, is
    this January, will allow the company to stably supply                        expected to start later this year with a targeted
    overwhelmingly cost competitive bio-polyol.                                  start-up in the second half of 2018. Corbionâ€™s pre-
                                                                                 marketing activities continue and a portfolio of
    Earlier as Mitsui Chemicals integrated its polyurethane                      PLA resins is commercially available for technical
    business with Korean SKC Co., Ltd. (CEO: Wan Jae Lee) to                     validation.As part of its strategy Disciplined Value
    form MCNS, Mitsui Chemicals investment now falls under                       Creation, announced on 30 October 2014, Corbion
    MCNS. MCNS manufactures and sells urethane materials for                     is accelerating its thrust into the biotechnology
    wide applications including refrigerator insulation materials.               arena, making the next step in the bioplastics value
    In the automotive field, not only is MCNS the largest supplier               chain by becoming a PLA producer. Corbion will also
    of polyurethane materials for interior use to Japanese and                   continue to explore strategic opportunities as part
    Korean makers, it is the only manufacturer in the world to                   of its PLA growth strategy. PLA is a unique bioplastic,
    commercially supply bio-polyols derived from non-edible                      being both biobased and biodegradable.
    plants. With the commencement of commercial operations
    at VCP, it will now be possible to supply bio-polyol at costs
    competitive to fossil fuel-derived polyol.

                                                                                 27 March 2016 | Plastics News</code></pre>
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