US$21 bln petrochem expansion planned by Thailand's PTT

03-Aug-05
Thailand's largest energy firm PTT PCL, 69% owned by the government, operates five gas separation plants. PTT supplies gas mainly to the olefins plants of Thai Olefins , a company owned 49.9% PTT. PTT PCL has announced plans to expand its petrochemical business at an outlay of US$21 billion in the 10 years from 2009. The expansion will encompass pipelines and gas separation and petrochemical plants, expected to generate annual revenues of approximately US$6.3. PTT planned to build its sixth, seventh and eigth gas separation plants to support the petrochemical expansion and the construction of the sixth plant would start in 2009, The fifth plant, opened officially on Monday, has a capacity of 530 million cubic feet per day and will be able to produce 520,000 tpa of ethane, 646,000 tpa propane and liquefied petroleum gas (LPG) and 177,000 tons of natural gasoline. The plant would reduce imports of raw materials used for intermediate petrochemicals by about 8.7 billion baht pa and increase exports of LPG by about 7 billion baht pa
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