IRPC to invest US$1.2 bln in next 5 years to improve and expand refining and petrochemical projects

12-Jan-10

Thailand’s IRPC, operator of Southeast Asia's biggest integrated petrochemical complex, plans to invest US$1.2 bln over the next five years. Out of this, about US$135 mln will be invested this year. The investment will be towards improvement in refining and petrochemical projects and capacity expansion at a styrene monomer plant in Rayong. The run rate at it’s 215,000 bpd refinery will be increased from the current 70% to 75% to provide additional feedstock for petrochemical plants that are expected to run at full capacity this year.