Thai PTT Global Chemical Pcl (PTTGC) plans to invest $985 million in a new olefins plant. The investment would increase its nameplate capacity to 3.74 million metric tons of olefins a year, up from 2.99 million metric tonnes a year. PTTGC has awarded Samsung Engineering Co., Ltd. the $790 million engineering, procurement, construction and commissioning (EPCC) contract for its Olefins Reconfiguration Project (ORP)
The new plant would use naphtha and liquefied petroleum gas as its main feedstock and be located in the Map Ta Phut industrial estate on Thailand’s eastern seaboard. Commercial operation is expected to begin in 2020.