Thai state-owned energy firm PTT Plc has finalized a US$526 million deal with two Japanese firms to jointly develop petrochemical projects. PTT and Asahi Kasei will hold 47.5% each, and the remaining 5% will be held by Marubeni Corp, in the new firm to be called PTT Asahi Chemical Co, with
The joint venture aims to have production capacity of 200,000 tpa of acrylonitrile and 70,000 tpa of methyl methacrylate. The Thai based project will reduce dependence on imports and increase exports.
16-May-06 
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