MOSCOW (MRC) -- PTT Global Chemical (PTTGC) has signed two head of agreements (HoAs), to jointly perform engineering study for potential development of Propylene Oxide (PO) 200 KTA with Toyota Tsusho Corporation (TTC) and to jointly perform engineering study for potential development of Polyether Polyols (Polyols) 130 KTA with Toyota Tsusho Corporation (TTC) and Sanyo Chemical Industries, Ltd. (SCI), reported Hydrocarbonprocessing.
This complex will be located in Hemaraj Eastern Industrial Estate (HEIE), Rayong in Thailand and total investment is approximately USD1 B.
Through this joint study, PTTGC will secure a reliable and stable supply of feedstock - propylene for PO production and ethylene oxide for polyols production - while SCI will provide its technology know-how and research and development for polyols to fulfill customer’s requirement.
TTC will support the project with its logistics and order management expertise with strong market and sale network around the world, especially in the Asia Pacific and India for both PO and polyols.
After the completion of a prelim joint feasibility study began in early of 2015, when PTTGC, TTC and SCI signed a memorandum of understanding to launch the effort, the project has moved to the early phase of engineering study to perform front end engineering design and verify the viability of the project before Final Investment Decision (FID), which’s targeted next year, for going to the phase of execution with engineering, procurement and construction (EPC).
Polyols is key raw material for manufacturing of high-quality Polyurethane foams, added benefits of consuming less energy and process materials, as well as generating less waste, in automotive, furniture, band bedding, construction, electronic and electrical industries.
As MRC informed before, PTT is on track to start commercial operations at its new 400,000 mt/year metallocene C6 linear low density polyethylene (MLLDPE) plant at Map Ta Phut, Thailand, in the first quarter of 2018. PTT will start up the plant by the end of this year.
PTT Global Chemical is a leading player in the petrochemical industry and owns several petrochemical facilities with a combined capacity of 8.45 million tonnes a year.