MOSCOW (MRC) -- Thai PTT Global Chemical Pcl (PTTGC) plans to invest USD985 million in a new olefins plant, reported Hydrocarbonprocessing with reference to the company's statement.
PTTGC, the petrochemicals arm of state-owned energy giant, PTT Pcl, n a Jan. 23 filing to the Stock Exchange of Thailand, said that the investment would increase its nameplate capacity to 3.74 million metric tons of olefins a year, up from 2.99 million metric tonnes a year.
The new plant would use naphtha and liquefied petroleum gas as its main feedstock and be located in the Map Ta Phut industrial estate on Thailand's eastern seaboard, the company said in a statement. The new plant is expected to begin commercial operation in 2020, PTTGC said.
PTTGC awarded Samsung Engineering Co., Ltd. the USD790 million engineering, procurement, construction and commissioning (EPCC) contract for its Olefins Reconfiguration Project (ORP), Samsung Engineering reported Wednesday.
As MRC wrote before, PTT is on track to start commercial operations at its new 400,000 mt/year metallocene C6 linear low density polyethylene plant at Map Ta Phut, Thailand, in the first quarter of 2018.
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.
MRC