NatureWorks lands $350M financing from top Thai bank for PLA manufacturing

May 28, 2024 |

In Minnesota, NatureWorks recently announced the historic financial support from Krungthai Bank PCL to optimize the capital structure for the new fully-integrated Ingeo PLA manufacturing facility in Thailand. The financing from Krungthai Bank, Thailand’s third largest bank, amounting to $350 million, is one of the singular largest loans in the bank’s decades-long history and shows confidence in NatureWorks’ market leadership and global economic impact. Today, the companies participated in a signing ceremony to celebrate this milestone.
In alignment with its ESG values and sustainable finance solutions, Krungthai Bank funded NatureWorks’ newest manufacturing facility for Ingeo PLA biopolymer, a biobased material used in plastic and fiber applications. The funding will support the construction of the plant and its ongoing operations. NatureWorks was chosen because of its market leadership in defining bioplastic technologies and how those solutions will move Thailand’s Bio-Circular-Green (BCG) economy forward. BCG leverages technology and Thailand’s biological diversity to enable a more sustainable, innovation-driven, and values-based economy.

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Category: Fuels

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