Thai olefins producer National Petrochemical Plc, is to invest 1.2 billion baht to expand the capacity of its power plant by 35 MW to 205 MW, at Map Ta Phut, Rayong. To be completed in 2 years, the increased capacity of the plant will go towards meeting the rising demand of its petrochemical complex. Studies are also underway to invest in new petrochemical products in line with the third development phase of the petrochemical complex project of the Thailand Petroleum Institute.
PTT's upstream plants are now running at full capacity, feeding downstream complexes with all their output. Therefore, it is essential for PTT to develop a new upstream complex. PTT's new petrochemical complex is expected to come onstream in 2012 with the following projects:
Olefins and low density polyethylene (LDPE) project of which NPC will be the core investor
Ethylene glycol project, to be led by Thai Olefins
Aromatics and propylene project to be backed primarily by Thai Aromatics
Output from the olefins plant to be completed by Thai Olefins next year, will be used by NPC as feedstock for the high-density polyethylene (HDPE) plant completed last year, which is currently operating at 70% capacity due to feedstock supply problems