Sumitomo, PTT Global Chemical Public Company and Kuraray have been jointly conducting a detailed feasibility study on the production and sale of butadiene derivatives in Thailand. The partners recently concluded a joint venture agreement.
Tokyo/Japan — Since September 2016 the three companies have been conducting a detailed feasibility study on manufacturing and sales of PA9T heat-resistant polyamide resin (production capacity: 13,000 tons) and HSBC hydrogenated styrenic thermoplastic elastomer (production capacity: 16,000 tons) at a candidate location on the Hemaraj Eastern Industrial Estate located in the petrochemical complex at Map Ta Phut in Rayong province, Thailand. With the conclusion of the joint venture agreement, the three companies will begin application procedures with the relevant authorities, and will be working out final investment decisions and other details pertaining to the joint venture company.
Raw materials and utilities will be supplied by PTTGC and the PTT Group, Kuraray contributes its production technology and sales & marketing know-how, and Sumitomo brings in it global trade network.