01 April 2011 12:00 [Source: ICIS news]
SINGAPORE (ICIS)--Thailand’s PTT Chemical and PTT Aromatics and Refining (PTTAR) are jointly studying the possibility of building a new cracker to augment their core chemical business after the two firms merge later this year, a top company official said on Friday.
“We are exploring the possibility of a new cracker. Whether it is going to be gas or naphtha, or where it is going to be located, it is under study,” Veerasak Kositpaisal, president and CEO of PTT Chemical, told ICIS in an interview.
Kositpaisal, who did not give any more details on the proposed cracker and its size, said the merger was expected to be completed by August or September based on shareholders' acceptance and regulatory approvals.
PTT Chemical already has four crackers at the Map Ta Phut petrochemical industrial site in Thailand.
It runs a 460,000 tonne/year gas-based cracker. It also has a 515,000 tonne/year mixed gas/naphtha cracker and a 400,000 tonne/year gas-based cracker. This year, it started a commercial run of a new 1m tonne/year gas-based cracker at the same site.
Please visit the complete ICIS plants and projects database
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