Thailand's largest petrochemical producer - PTT Global Chemical Plc (PTTGC), is in talks with PT Pertamina (Persero) about jointly investing in a US$5 bln integrated oil refinery and chemical complex. TTGC, majority-owned by the energy giant PTT Plc, has been shortlisted as a potential investment partner of Indonesia's state-owned oil and gas producer for the proposed facility on Java, as reported by Bangkok Post. Of the three companies who have proposed feasibility studies for the project, the government will announce the winner next April. An exact location on the island for this project has not been decided.
Indonesia has strong petrochemical and plastics demand on the back of strong economic growth and the large population of 242 million. Plastics demand has particularly seen robust growth. The country's petrochemical production falls short of demand, and most related products are imported.
30-Nov-12 
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