Total and Cor­bion form a Joint Ven­ture in bioplastics

The new com­pany will be based in the Neth­er­lands and will launch oper­a­tions in the 1^st quarter of 2017, sub­ject tore­g­u­lat­ory approvals.

​“I’m very pleased with this joint ven­ture, which aims to become a major play­er in the grow­ing bioplastics mar­ket. This invest­ment is con­sist­ent with our One Total ambi­tion of expand­ing in bio­fuels and bioplastics, in addi­tion to our more tra­di­tion­al oil-and gas-based products,” com­men­ted Bern­ard Pin­a­tel, Pres­id­ent of Total Refin­ing & Chemicals.“Corbion’s unique pos­i­tion in the lact­ic acid and biopoly­mers value chain makes it a nat­ur­al choice for Total. The joint ven­ture will allow us to sup­ply an innov­at­ive mater­i­al that is 100% renew­able and bio­de­grad­able and that responds to sus­tain­ab­il­ity con­cerns.

​”Tjerk de Ruit­er, CEO of Cor­bion, stated: ​“PLA is one of the first renew­able, bio­de­grad­able poly­mers able to com­pete with exist­ing poly­mers. The joint ven­ture, which will com­bine Total’s tech­nic­al and mar­ket­ing know­ledge and lead­ing pos­i­tion in poly­mers with Corbion’s expert­ise in lact­ic acid and biopoly­mers, will enable us to sup­ply innov­at­ive products and will accel­er­ate mar­ket accept­ance. ​”PLA is a biobased, bio­de­grad­able poly­mer obtained by fer­ment­ing renew­able resources (sug­ar or starch) to pro­duce lact­ic acid. PLA is mainly used for food pack­aging, dis­pos­able table­ware and tex­tiles, as well as in numer­ous oth­er indus­tries such as oil and gas, elec­tron­ics, auto­mot­ive and 3D print­ing. PLA is a fast-grow­ing poly­mer mar­ket seg­ment, with an estim­ated aver­age annu­al growth rate of 10 to 15% to 2025.

About Total
Total is a glob­al integ­rated energy pro­du­cer and pro­vider, a lead­ing inter­na­tion­al oil and gas com­pany, and the world’s second-ranked sol­ar energy oper­at­or with Sun­Power. Our 96,000 employ­ees are com­mit­ted to bet­ter energy that is safer, clean­er, more effi­cient, more innov­at­ive and access­ible to as many people as pos­sible. As a respons­ible cor­por­ate cit­izen, we focus on ensur­ing that our oper­a­tions in more than 130 coun­tries world­wide con­sist­ently deliv­er eco­nom­ic, social and envir­on­ment­al bene­fits. total​.com

About Cor­bion
Cor­bion is the glob­al mar­ket lead­er in lact­ic acid, lact­ic acid deriv­at­ives and lactides, and a lead­ing com­pany in emul­si­fi­ers, func­tion­al enzyme blends, min­er­als and vit­am­ins. The com­pany deliv­ers high per­form­ance biobased products made from renew­able resources and applied in glob­al mar­kets such as bakery, meat, phar­ma­ceut­ic­als and med­ic­al devices, home and per­son­al care, pack­aging, auto­mot­ive, coat­ings and adhes­ives. Its products have a dif­fer­en­ti­at­ing func­tion­al­ity in all kinds of con­sumer products world­wide. In 2015, Cor­bion gen­er­ated annu­al sales of € 918.3 mil­lion and had a work­force of 1,673 FTE. Cor­bion is lis­ted on Euronext Ams­ter­dam. cor​bion​.com
This press release con­tains inside inform­a­tion for Cor­bion with­in the mean­ing of Art­icle 7(1) of the EU Mar­ket Abuse Reg­u­la­tion. Quelle: poly​mers​.total​.com