Engineering Study PTT Global Chemical To Sign Agreements for Propylene Oxide and Polyols Complex
PTT Global Chemical has announced that the company jointly with Toyota Tsusho and Sanyo Chemical Industries will pursue the study on potential development of a propylene oxide and polyether polyols complex in Thailand.
Bangkok/Thailand – PTT Global Chemical (PTTGC) has signed two of Head of Agreement (HoA), to jointly perform engineering study for potential development of propylene oxide (PO) 200 KTA with Toyota Tsusho Corporation (TTC) and to jointly perform engineering study for potential development of polyether polyols (polyols) 130 KTA with Toyota Tsusho Corporation (TTC) and Sanyo Chemical Industries (SCI). This complex will be located in Hemaraj Eastern Industrial Estate (HEIE), Rayong in Thailand and total investment is approximately $1 billion.
Mr. Supattanapong Punmeechaow, President & Chief Executive Officer, PTTGC, stated that through this joint study, PTTGC will secure a reliable and stable supply of feedstock, which are propylene for PO production and ethylene oxide for polyols production while SCI will provide its technology know-how and R&D development for polyols to fulfill customer’s requirement. TTC will support the project with their logistics and order management expertise with strong market and sale network around the world especially in Asia Pacific & India for both PO and polyols. With the key strengths of three partners, it can enhance the project competitiveness.
After the successful completion of a prelim joint feasibility study began in early of 2015, when PTTGC, TTC, and SCI signed a memorandum of understanding to launch the effort, the project has moved to the early phase of engineering study to perform front end engineering design and verify the viability of the project before Final Investment Decision (FID), which’s targeted next year, for going to the phase of execution with engineering, procurement and construction (EPC).
Polyols is key raw material for manufacturing of high-quality Polyurethane foams, added benefits of consuming less energy and process materials, as well as generating less waste, in automotive, furniture, band bedding, construction, electronic and electrical industries.