Thai petrochemical boom on track
This paper reports that Thailand continues to mark progress on the ambitious expansion of its petrochemical industry. Among recent developments: The outlook for Thailand's troubled worldscale aromatics project has improved with a major cut in its estimated cost. In addition, the project apparently has drawn the interest of other companies seeking a possible equity stake. Amoco Chemical Co., which lost a tender to build a worldscale purified terephathalic acid (PTA) complex in Thailand to Taiwan's Tuntex Co., is reviving its bid with a proposal similar to its earlier one. Amoco contends there will be enough demand to warrant a second PTA plant in Thailand. Tuntex is negotiating with several business groups to take part in its $333 million, 350,000 ton/year PTA project in Thailand. Tuntex is soliciting interest from a number of Thai companies, including Bangkok Bank and the Saha Union industrial conglomerate to acquire portions of the 51% interest in the project earmarked for Thai shareholders. The firm also is negotiating with a number of Japanese companies with whom it has long trade ties, including Mitsui and Co. and Marubeni Corp. to acquire part of the 49% foreign shareholding in the project. Thai Olefins Co. (TOC) marked further progress with feedstock contracts and financing arrangements for its proposed $720 million olefins plant, part of Thailand's second worldscale petrochemical complex (NPC II). Indian industrial giant Birla proposed a $20 million ethylene glycol (EG) project in Thailand.
- OSTI ID:
- 5518291
- Journal Information:
- Oil and Gas Journal; (United States), Vol. 90:11; ISSN 0030-1388
- Country of Publication:
- United States
- Language:
- English
Similar Records
Mitsui Toatsu and Mitsui Co. acquire Thai producer
Southeast Asia report. Thai gas production now underway
Related Subjects
29 ENERGY PLANNING
POLICY AND ECONOMY
PETROCHEMICAL PLANTS
COST ESTIMATION
THAILAND
PLANNING
ASIA
CHEMICAL PLANTS
DEVELOPING COUNTRIES
INDUSTRIAL PLANTS
020500* - Petroleum- Products & By-Products
294002 - Energy Planning & Policy- Petroleum
020700 - Petroleum- Economics
Industrial
& Business Aspects