13 October 2009 09:34 [Source: ICIS news]
"It is work as usual. The court order was directed towards government authorities and not companies. And the government has not yet followed the court order as companies have followed all regulations [in securing environmental approval for their projects]," the source said.
The Central Administrative Court had ordered construction at 76 projects to temporarily stop because of rising concerns about environmental pollution at the Mab Ta Phut industrial estate in Rayong province.
The government had already appealed to the country’s Supreme Court and PTT would be filing an independent appeal this week, the source added.An industry analyst said that although PTT and other chemical companies had not stopped construction, they could face problems in securing an operating licence once their projects are completed. "Fortunately, most of our projects are still under construction and we have time to get approval for an operating licence," the PTT source said.
"We still have two to three months and we think the government can solve the issue within that time," the source added.
The Thai government had said the court ruling would adversely affect investor sentiment and that gross domestic product (GDP) growth could drop 0.4 percentage points next year. Concerns had also been expressed that any halt in construction activity would affect thousands of jobs in the Mab Ta Phut area.To discuss issues facing the chemical industry go to ICIS connect
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections