PTT Global Chemical Public Company Limited (PTTGC) is using its expertise in the petrochemical industry to encourage partnerships with Japanese companies and foreign investors for projects in Thailand’s Eastern Economic Corridor (EEC). It aims to build strength in innovation and technology that will drive local industry along with future economic, social and environmental sustainability.
The Eastern Seaboard has become a global manufacturing base that has attracted comprehensive investments in refineries and petrochemicals. It is an important location for Thailand’s new S-Curve industries, which will build new industries and employment, as well as generating over US$3 billion of income.
PTTGC plans to invest in industries that support the EEC, are focused on innovation and also environmentally friendly. The company aims to invest in a group of projects within the next one or two years to strengthen the competitive advantage of its existing businesses by attracting partners that have advanced technology to co-invest in projects with PTTGC.
PTTGC’s current investment plans for the EEC include:
- Map Ta Phut Retrofit project: this project will improve the efficiency and competitive advantages of PTTGC’s plants in Map Ta Phut. Construction of a naphtha cracker plant will provide production capacity of 500 000 tpy for ethylene and 250 000 tpy for propylene.
- PO and Polyols & PU System project: PTTGC has signed a joint venture with Sanyo Chemical Industries Ltd and Toyota Tsusho Corp. to establish GC Polyols Co. Ltd to produce polyols and a polyurethane (PU) system for high value-added products for downstream businesses. A new plant, which is scheduled to begin operations in 2020, will have an annual capacity of 130 kilotons of polyether polyols and 20 kilotons of PU systems.
- High-heat resistant polyamide-9T (PA9T) and hydrogenated styrenic block copolymer (HSBC) project: PTTGC recently signed a key terms joint venture agreement with Kuraray Co., Ltd. and Sumitomo Corp. (SC) to study this project in detail. The project, for which raw materials will be provided by PTTGC, will produce an estimated 13 000 tpy of PA9T and 16 000 tpy of HSBC.
- Biocomplex: PTTGC has designated its subsidiary, Global Green Chemicals Public Co. Ltd (GGC) to be its green flagship.
Read the article online at: https://www.hydrocarbonengineering.com/petrochemicals/13092017/building-strength-in-the-eastern-economic-corridor/