THAILAND – The Thai and Italian bioplastics industry associations have signed an agreement to exchange knowledge, coordinate certification and research initiatives and develop business opportunities.
The Thai Bioplastics Industry Association (TBIA) and Rome-based Assobioplastiche (the Italian Bioplastics and Biodegradable and Compostable Material Association) recently signed a Memorandum of Understandind (MoU) that will see the two associations collaborating closely over a five-year period.
Under the MoU, the partners will share know-how in industrial composting and waste management. They will also establish certification systems and quality standards for the entire bioplastics industry and coordinate and implement joint initiatives for research, market development and environmental policies.
In addition, the associations will work together to develop business, training and networking initiatives.
Professor Phietoon Trivijitkasem, president of TBIA, said, “The TBIA is working hard to encourage the use of compostable plastics and promote new practices to minimise the impact of waste,” and noted that this MoU is in line with his association’s direction.
“Thanks to technological innovation, growing awareness of environmental topics, the environment and policies that put ever more emphasis on sustainable development, the Italian and European bioplastics industry is growing quickly and providing new opportunities for international cooperation,” said Assobioplastiche president Marco Versari.
“The agreement will create a platform of high-level technological know-how, and above all will make a significant contribution towards determining certifications and quality standards which are indispensable for creating a clear and unequivocal definition of the reference parameters for bioplastics producers.”
Thailand is well on its way to fulfilling its government’s aim of developing the bioplastics sector into a key economic growth generator. The country is one of the world’s largest producers of rice and cassava – a source material for bioplastics – and aided by government funding, the Thai bioplastics industry has grown significantly since 2008.
Earlier this year, PTT Global Chemicals bought a 50% stake in US’s NatureWorks for US$150 million, giving the Thai chemical giant access to knowledge and a greater strategic focus on producing bio-based products.
At the time of the acquisition announcement, PTT Chemical president and chief executive Veerasak Kositpaisal said, “PTT Chemical is keen to play a role in pioneering a world-scale bioplastics industry with the aim to become a global leader by 2020 and push Thailand to become an Asian bio-hub.”
See related stories:
- Thai petrochem company buys 50% stake in NatureWorks
- PTT Global Chemicals supports NatureWorks’ Asian expansion