Thailand's Chemical Industry on Growth Curve

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Big Capital Investments in Thailand's Industry Expected

Several chemical and petrochemical companies announced capital investments in Thailand during the first half of 2011. IVL, the world’s biggest producer of PET (Polyethylenterephthalat) plans to expand its production capacities to 5.8 million tons per year. The company’s management plans an expansion to a total of 10 million tons until 2014, also by acquiring foreign manufacturers. For this purpose, IVL raised its budget for investments to a billion US $ for 2011 and expects to invest a total of nearly US $ 4 millions until 2014.

IRPC plans to expand its propylene capacity to 710,000 tons per year. Therefore, the company expects to invest around US $ 800 millions. PTT MCC Biochem, a joint venture of Thai PTT and Mitsubishi Chemical Corporation plans to spend US $ 200 millions on a new Polybutylensuccinate (PBS) facility. Constructions are planned to start this year, while productivity is expected for 2015.

PBS is just one of a new portfolio of bioplastics, for which analysts expect great potentials, alkso in Thailand. PTT is currently negotiating with several other producers of bioplastics, planning to enter the research and production of polymers like PLA (Polyalactic Acid). The Thai government wants to establish the country as a local center of biopolymers and plans corresponding investments.

Also Dow recently announced the opening of a jointly operated polyolefin elastomers plant in Rayong.

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