Chinese bio-based materials company GS Biomats signed a kiloton-level supply agreement with Henan Yinjinda Group on March 26, marking one of the largest commercial deals for bio-derived plastic ingredients in Asia.
The contract covers 2,5-Furandicarboxylic acid (FDCA), a chemical building block used to make bio-based plastics. FDCA can replace petroleum-derived components in packaging materials and fibers.