PTTGC announces $4 B 5-yr investment plan for eastern Thailand
BANGKOK (Reuters) — PTT Global Chemical Pcl, Thailand’s largest petrochemical producer, on Tuesday announced a $4 B investment plan over the next 5 yr in an industrial development on the eastern seaboard.
It includes a polyols joint venture between PTTGC, Sanyo Chemical Industries and Toyota Tsusho Corp in Thailand’s eastern province of Rayong, it said.
The investment plan also includes a naphtha cracker plant at the existing PTTGC facility in Map Ta Phut which will put production capacity at 500,000 tpy for ethylene and 250,000 tpy for propylene.
PTTGC also signed an agreement with Japanese Kuraray Co and Sumitomo Corp to study the possibility of producing High-Heat Resistant Polyamide-9T and Hydrogenated Styenic Block Copolymer.
Reporting by Panu Wongcha-um; Editing by Christian Schmollinger
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