30 March, 2018
Asian Viewpoint: by Satoshi Hagimoto
PPT Global Chemical (PTTGC) Co, the largest petrochemical company in Thailand and a subsidiary of state-owned Petroleum Authority of Thailand (PTT), will establish an olefin processing plant in Map Ta Phut Industrial Estate in Thailand’s Rayong Province. Production capacity of new plant will be 750,000mt/year. This includes 500,000 mt/year of ethylene and the rest will be propylene. The current olefin production capacity is 2.988 mil mt/year. With the new plant, capacity will be expanded by 25%. Capital investment is expected to be USD 985 mil and commercial production will start from 2020. Natural gas in Thailand is expected to be depleted so petrochemical companies plan to reduce their dependence on this resource. The new olefin processing plant will use both naphtha and liquefied petroleum gas (LPG) as feedstock. Meanwhile, PTTGC owns a 145,000 barrels per day (b/d) refinery, a 135,000 b/d condensate splitter, and a 2.41 mil mt/year aromatics plant in Map Ta Phut.