Thailand’s largest petrochem maker PTT Global Chemical Pcl (PTTGC) has abandoned plans to invest in Malaysia in a petrochemical project with state-run oil company Petronas after a study showed chances of low returns. The company has plans to invest US$790 mln in 2014, mostly to expand petrochemical capacity, by investing in a second phenol plant with annual capacity of 250,000 tons, as per Reuters. Over US$400 mln will be invested in petrochem projects including the phenol project and another US$250 million toward maintenance of its petrochemical plants.
24-Feb-14 
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