Pttgc Announces $4 Billion Five: year-investment plan for eastern Thailand
12/09/2017 10:12
BANGKOK, Sept 12 (Reuters) - PTT Global Chemical Pcl
PTTGC.BK , Thailand's largest petrochemical producer, on
Tuesday announced a $4 billion investment plan over the next
five years in an industrial development on the eastern seaboard.
It includes a polyols joint venture between PTTGC, Sanyo
Chemical Industries 4471.T and Toyota Tsusho Corp 8015.T in
Thailand's eastern province of Rayong, it said. urn:newsml:reuters.com:*:nL4N1LB3TZ
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 tons per year for ethylene and
250,000 tons per year for propylene.
PTTGC also signed an agreement with Japanese Kuraray Co
3405.T and Sumitomo Corp 8053.T 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)
((Panu.Wongcha-um@thomsonreuters.com; +6626488658;))
Keywords: THAILAND PTTGC/