IRPC will invest in a Phoenix project worth US$130 million (about Bt4 billion) next year that will increase its capacity to produce plastic pellets, polystyrene and acrylonitrile butadiene styrene (ABS). The overall Phoenix project - the listed company's $1.3-billion five-year investment plan, running from 2010 to 2014 - is a key element in the drive to make IRPC a leading integrated petrochemical player in Asia.
Next year's investment includes expanding capacity to produce styrene monomer, from the current 200,000 tons to 260,000 tpa at a cost of US$57 mln. The company will also spend US$70 mln on expanding the annual capacity to produce ABS plastic from 100,000 tons to 160,000 tons. Another US$20-30 mln will be allocated to increasing IRPC's capacity to produce premium-grade ethylene for support with green energy products, developing value-added products from oil depots and the company's lube-oil blending plant, and research and development of new products.
29-Nov-12 
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