Largest Thai petrochem maker to outlay US$70 mln for ABS plant and US$88 mln for PP plant

22-Aug-08

IRPC, Thailand's largest petrochemical maker by sales has decided to keep aside an outlay of US$158 mln for the capacity expansions of its two specialty grade petrochemicals-ABS and PP-thereby focusing on high value products. Of the total outlay, US$70 mln will be used for setting up the sixth acrylonitrile butadiene styrene (ABS) line to start operations from 2012 and will augment capacity to 220,000 tpa from the current 120,000 tpa. Once operational at its full capacity, the IRPC will be able to fuel the increasing ABS demand in automotive and electrical sectors in the country having a local demand of 250,000 tpa. The remaining US$88 mln will be invested in propylene (PP) plant slated to complete its construction by 2011 and have an annual output of 120,000 tons.