MOSCOW (MRC) -- PTT Global Chemical Pcl, Thailand’s largest petrochemical producer, on Tuesday announced a USD4 B investment plan over the next 5 yr in an industrial development on the eastern seaboard, as per Hydrocarbonprocessing.
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.
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.