Thai PTT Global Chemical Pcl (PTTGC) planning to invest USD985 million in a new olefins plant. This investment would increase its nameplate capacity to 3.74 million metric tons of olefins a year, up from 2.99 million metric tonnes a year.
The new plant would use naphtha and liquefied petroleum gas as its main feedstock and be located in the Map Ta Phut industrial estate on Thailand's eastern seaboard.
PTTGC awarded Samsung Engineering Co., Ltd. the USD790 million engineering, procurement, construction and commissioning (EPCC) contract for its Olefins Reconfiguration Project (ORP), Samsung Engineering reported Wednesday.
