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COFCO Technology establishes subsidiary to build lactide project

 Last Update: 2021-11-11
 Source: Internet
 Author: User

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Sinochem News recently, COFCO Technology issued an announcement stating that it intends to set up a subsidiary of a biomaterial company with its own monetary capital of 150 million yuan, and the company will hold 100% of the shares

The establishment of a new company, tentatively COFCO biological material (elm) Limited, the registered capital of 150 million yuan, business scope, including lactide, lactic acid, polylactic acid (PLA), polylactic acid materials and products

COFCO Science and Technology has a PLA plant capacity of 10,000 tons, and it resumed production in early June this year.

Lactide is an intermediate in the synthesis of PLA, which can achieve precise control of the relative molecular weight of PLA.

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