Completion of front-end engineering and recent project approval from the thailand board of investment put the new fully integrated manufacturing complex on schedule to open in 2024

Last week the Thailand Board of Investment announced its approval of the NatureWorks manufacturing project that will be located at the Nakhon Sawan Biocomplex (NBC) in Nakhon Sawan province. The NBC is the first biocomplex project in Thailand established in accordance with the government's bioeconomy policy.

NatureWorks recently completed the front-end engineering design work with Jacobs (NYSE:J). Jacobs was selected and managed in partnership with IAG, who provided front-end project management and project controls. Final detailed engineering is currently underway, and NatureWorks expects to announce further details on the new facility later this year.

“We are pleased to share these significant accomplishments as part of our next phase for global manufacturing expansion,” said Rich Altice, President and CEO of NatureWorks. “The approval and support from the Thailand Board of Investment was a critical milestone on our path toward opening our new facility in Thailand. With both the recently announced capacity expansion at our facility in Blair, Nebraska and this new manufacturing complex, we can further address the global market demand for sustainable materials and continue leading the development of high-performance applications that capitalize on Ingeo’s unique material properties.”