# Polymer-Gruppe acquires land for bioplastics plant in Idar-Oberstein

Polymer-Gruppe signed a contract to purchase a 17.5-hectare plot in Idar-Oberstein for a new bioplastics production facility. The company plans to invest EUR 30-50 million, create about 300 jobs, and achieve a capacity of 100,000 tons per year.

- Type: New facility
- Announced: 2021-11-16
- Where: Idar-Oberstein, Rhineland-Palatinate, Germany
- Value: $47.0M (40.0M EUR)
- Jobs: 300
- Starts operating: 2024
- Status: announced
- Capacity: 100,000 tons per year
- Products: PLA copolymers (bioplastics)
- Sectors: [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [Polymer-Gruppe](https://endata.com/companies/51542.md)

## Sources

- [polymer-gruppe.de](https://www.polymer-gruppe.de/aktuell/detail/weichenstellung-fuer-die-zukunft), 2021-11-16: "Langfristig sollen 30 bis 50 Millionen Euro in den neuen Standort investiert, eine Produktionskapazität von 100.000 Tonnen und circa 300 Arbeitsplätze geschaffen werden"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.