Thai court halts 76 projects in Rayong; PTT, SCG projects hit

30 September 2009 09:41  [Source: ICIS news]

SINGAPORE (ICIS news)--Thailand’s Central Administrative Court has ordered a temporary halt to the construction of 76 projects in Rayong province, including the polyolefins project of conglomerate Siam Cement group and those of the country's oil and gas giant PTT, on environmental grounds, the companies said on Wednesday.

Mab Ta Phut, the petrochemicals hub of the country, is in Rayong province.

“SCG Chemicals…is in the process of completing the construction of its upstream naphtha cracker, related downstream subsidiaries and joint-ventures operations,” the company's parent, Siam Cement Public Co (SCC), said in a filing with the Thailand Stock Exchange.

The projects were originally supposed to start up from late this year to the middle of 2011, it added.

In a separate disclosure, PTT said it was working closely with all relevant government authorities to find a solution to the injunction, including submitting an appeal petition to the Supreme Administrative Court.

PTT said the the temporary injunction may affect its investments in 25 projects.

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By: Pearl Bantillo
+65 6780 4359



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