TOKYO - Toray Industries has increased its stake in its Thailand-based joint venture as it looks to ramp up the commercialisation of key nylon 6,6 polymer intermediates derived from inedible biomass.
Toray set up Cellulosic Biomass Technology (CBT) in 2017 along with its partner Mitsui DM Sugar Co. Toray has now invested a further ¥1.2 billion (US$8.2 million) in the subsidiary, lifting its stake from 67%, to 84.4%.
