PTTGC collaborates with foreign partners in three petrochemical projects.

PTTGC collaborates with foreign partners in three petrochemical projects in the EEC valued at nearly 70,000 MB to promote target industries and help move Thailand 4.0 ahead
 

PTTGC, a leading integrated petrochemical and refining company, joined with foreign partners to hold a foundation stone laying ceremony for 3 petrochemical projects in the Eastern Economic Corridor. The projects will target key growth industries to help to spread economic growth to communities and drive Thailand to be an economic center for the ASEAN region while opening a door to the global economy.

On March 23, 2018, PTT Global Chemical Public Company Limited (PTTGC) today held a foundation stone laying ceremony for its Olefins Reconfiguration Project, Propylene Oxide and Polyols Projects, which involve building major new production facilities for upstream and downstream chemicals in Thailand’s Eastern Economic Corridor (EEC). The Minister of Energy presided over the ceremony, which took place at the construction site for the Olefins Reconfiguration Project at PTTGC’s Branch 2 (Olefins I-1 Plant) in Rayong.

Details of the Olefins Reconfiguration Project, Propylene Oxide and Polyols Projects are:

Olefins Reconfiguration Project (ORP) : PTTGC signed an engineering and procurement services and construction agreement with Samsung Engineering Co., Ltd. (SECL); Samsung Engineering (Thailand) Co., Ltd. (SET); and TTCL PLC (TTCL) for a new olefins plant as part of PTTGC’s Olefins Reconfiguration Project. The new olefins plant will mainly use naphtha and liquefied petroleum gas (LPG) as feedstock. Investment in the project is around 36,000 million baht. It is expected to begin commercial production in 2020.

Propylene Oxide and Polyols Projects : These projects are an investment in PTTGC’s integrated polyurethane business in the performance materials and chemicals category. Propylene Oxide (PO) and Polyols are in high demand in the automotive, construction, and electrical & electronics industries due to global economic growth. The PO project is an investment under GC Oxirane Co., Ltd. (GPO), a 100% PTTGC-owned subsidiary. The Polyols project is under GC Polyols Co., Ltd. (GCP), a joint venture between PTTGC and Japanese partners Sanyo Chemical Industries (SCI) and Toyota Tsusho Corporation (TTC). Total investment in both projects is around 32,000 million baht. They are expected to begin commercial production in 2020.

The Olefins Reconfiguration Project, Propylene Oxide and Polyols Projects will increase value-added to petrochemical and chemical products by 25 times. The projects will provide considerable employment, contribute to a special fund to develop people in the Eastern part of Thailand, and increase the country’s competitive advantages.