Thailand: Petrochemicals Japanese Consortium and PTTGC Agree on Major Investment in Thailand
Reuters reports that Thailand's PTT Global Chemical is partnering with Toyota Tshusho Corporation and Sanyo Chemcial Industries in a chemical project with a volume of $ 900 million.
Bangkok/Thailand — According to the news agency, the Thai company announce a joint venture between the three partners on Friday last week.
The plant, to be located in the eastern province of Rayong, will have the capacity to produce 130,000 tonnes of polyether polyols per year and Polyurethane system of 20,000 tonnes per year. It will be operational in 2020, Reuters quotes the statement.
In June, the company already signed a Key Principle Joint Venture Agreement with the Japanese companies, Kuraray, a global specialty chemical company, and Sumitomo Corporation, confirming their intention to develop manufacturing facilities and sales capabilities for Super Engineering Plastic (High-Heat Resistant Polyamide-9T, or PA9T) and Hydrogenated Styrenic Block Copolymer (HSBC) products in Thailand.