Thai PTT Global expects petrochem capacity to rise 7% in 2016 with ethylene and aromatic expansion

18-Nov-15

Thailand's PTT Global Chemical Pcl said on Tuesday it expected its annual petrochemical capacity to rise 7 percent in 2016 from 8.75 mln tons this year, mainly due to expansion of ethylene and aromatics products, as per Reuters. The country's largest petrochemical maker is raising its paraxylene capacity by 115,000 tpa, ethylene oxide by 90,000 tpa and phenol by 250,000 tpa, Chief Executive Supattanapong Punmeechaow said in a statement.