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NatureWorks
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Developer and manufacturer of Ingeo brand polylactic (PLA), plant based biopolymers used to manufacture fibers

Founded in 1997
Founded in

Company type Acquired Public ()
Company type

Industry Group materials & chemicals

Sector fuels & chemicals

TRL Range 9
TRL 1 Basic research
TRL 2 Technology formulation
TRL 3 Applied research
TRL 4 Small scale prototype
TRL 5 Large scale prototype
TRL 6 Prototype system
TRL 7 Demonstration system
TRL 8 First of a kind commercial system
TRL 9 Full commercial application
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Headquarters Minnetonka, MN Minnetonka, United States
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Parent Companies PTT Global Chemical

Updated by Cleantech Group on 05/29/2024

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Repurpose Compostables Repurpose Compostables

Confirmed by Repurpose Compostables

Partnerships
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Date Partner Type
04/11/2024
IMA Group IMA Group
NatureWorks and IMA partnered to develop compostable coffee pods using NatureWork's Ingeo PLA biopolymer.
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Confirmed by IMA Group
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IPO INFORMATION

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Description

Date Investors Type Amount
05/28/2024 Krungthai Bank PCL Krungthai Bank PCL (1)
Post-money valuation of
Funding will be used for a PLA manufacturing facility in Thailand. With an annual capacity of 75,000 tons of Ingeo biopolymer, it will produce the full portfolio of Ingeo grades and support the rapid market growth across many markets in the Asia Pacific region, including 3D printing, nonwovens for hygiene, compostable coffee capsules, tea bags, flexible packaging, and compostable food serviceware.
Loan $350,000,000
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