Biomaterial innovation company Nordic BioProducts Group (NBG) and Thailand-based PTT MCC Biochem Company (PTT MCC) have entered a memorandum of understanding (MoU).
PTT MCC will use NBG’s cellulosic fibres in its bioplastic product, BioPBS (bio-polybutylene succinate).
The MoU will see the creation of next-generation bioplastics: new grades of BioPBS that leverage NBG’s cellulosic materials such as sustainable activated cellulose fibers.
Cellulose is a key component in the manufacturing process of bioplastics, effectively replacing petroleum-derived substances.
The project’s target is to produce bioplastic materials that boost home compostability and biodegradability and deliver advanced properties and performance, enabling penetration into new markets where petroleum-based plastic products previously dominated.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataSee Also:
This includes single-use products and packaging for coffee capsules, cutlery, containers, plates and mugs.
NBG’s activated cellulose fibres meet strict food container safety regulations and are derived from clean water and Forestry Stewardship Council-certified, traceable, sustainably managed forests in Finland.
The MOU with PTT MCC is a continuation of NBG’s growing presence in the Asian market which also includes its partnership with Japanese multinational corporation Marubeni.
NBG CEO Olli Kähkönen commented: “We are delighted that big companies like Marubeni and PTT MCC have trusted us and our technology to help them achieve their ambitious goals. As we are gearing towards impact at scale and mass production, we can be a vital partner for more big global companies, helping them create environmentally conscious products.”
In late 2023, PTT MCC achieved a milestone with the launch of the first food-grade recycled polyethylene terephthalate bottles in Thailand.
