In a bid to meet growing demand in the region, IRPC - the polymer business arm of PTT Plc, is to invest US$800 mln to expand propylene capacity by 260,000 tons to 710,000 tpa. The expansion is a part of a five-year business plan with an investment outlay of US$2 bln to develop high-grade plastics, which offer high better margins. US$700 mln will be invested in building three power plants under the small power producer scheme and US$500 mln will be invested in upgrade of existing facilities such as industrial land, oil pipelines and tanks. All the investments are part of IRPC's Phoenix Project which covers 19 ventures to be developed between 2010 and 2014, some of which are under construction and some pending board approval and feasibility studies.
10-Jan-11 
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