Disclaimer :

The Competition DG makes the information provided by the notifying parties in section 1.2 of Form CO available to the public in order to increase transparency. This information has been prepared by the notifying parties under their sole responsibility, and its content in no way prejudges the view the Commission may take of the planned operation. Nor can the Commission be held responsible for any incorrect or misleading information contained therein.

SECTION 1.2

Description of the concentration

1.1. This transaction concerns the establishment of a full-function joint venture, PTT MCC Biochem Company Limited 16 (the “JV”) by Mitsubishi Chemical Corporation (“MCC”) and PTT Public Company Limited (“PTT”) (together, “the Parties”). The JV will be active in Thailand in the manufacturing and sale of a biodegradable form of plastic.

2.2. MCC is a global chemical company headquartered in Japan. It has activities worldwide and has major subsidiaries and offices in Japan, the US, Germany, China, Singapore and Thailand.

3.PTT is a State-owned oil and gas company based in Thailand. It is listed on the Stock Exchange of Thailand and is 51% owned by the Thai Government.

4.3. The activity of the JV will be the manufacturing and sale of polybutylene succinate (“PBSA”) and polybutylene succinate adipate (“PBS”). PBS and PBSA are biodegradable forms of plastic which can be used for packaging amongst other applications. The JV intends to sell its products in the EU, US and Asia.

5.4. The JV will be procompetitive as it will create a new source of supply of biodegradable plastic for the benefit of all consumers.

Commission européenne, DG COMP MERGER REGISTRY, 1049 Bruxelles, BELGIQUE Europese Commissie, DG COMP MERGER REGISTRY, 1049 Brussel, BELGIË

Tel: +32 229-91111. Fax: +32 229-64301. E-mail: COMP-MERGER-REGISTRY@ec.europa.eu.