Thai govt supports appeal to lift suspension of 19 projects in Rayong

28-Dec-09
In a bid to shake off the negative sentiment in the market, the Thai national government has supported the appeal to lift suspension on some of the 65 major projects in Mab Ta Phut, Rayong province, as per ICIS. The Thai Cabinet has agreed to ask the Supreme Court to take out 19 more petrochemical projects in its suspension list deemed to have very limited environmental impact. This will be in addition to the initial list of 11 that were allowed to proceed. The Supreme Administrative Court upheld the suspension of 65 projects in Thailand's petrochemical hub of Mab Ta Phut, while clearing 11 others that promote the use of clean energy. Seven of PTT’s projects had been cleared along with two SCG projects. However, market players opine that it is unlikely that the court will be influenced by the government, but will decide based on the law.
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