Thailand grants THB175.87 billion incentives to projects

15-Feb-05
Thailand's Board of Investment has approved investments worth THB175.87 billion as incentives to 15 projects. In the petrochem sector, the board has approved a THB14.12 billion investment by PTT to produce 310,000 tons of propylene and 300,000 tons of polypropylene. Vinythai PCL's THB4.28 billion project to produce 200,000 tons of vinyl chloride monomer (VCM) has also been granted tax privileges. The single largest investment is the THB96.53 billion natural gas pipeline project of state-owned oil and gas conglomerate PTT PCL to build a 42-inch offshore pipeline 770 kilometers in length in the Gulf of Thailand. The pipeline will be able to accommodate 2 billion cubic feet a day of natural gas.
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