Map Ta Phut petrochemicals hub safe from Thailand floods

10 October 2011 07:09  [Source: ICIS news]

SINGAPORE (ICIS)--Thailand’s petrochemical hub of Map Ta Phut in the eastern Rayong province is safe from the floods that are inundating the north and northeastern parts of the country and threatening to sink Bangkok, a spokesperson from oil and gas firm PTT said on Monday.

Continued heavy rains since late July because of the monsoon season in Thailand have been causing the flooding.

Map Ta Phut, however, is safe near the eastern coastal lines. PTT’s refinery and petrochemical operations at the site are operating normally, with no disruption to exports, said Pirada Dokangkab, the spokesperson for PTT’s downstream business.

“But for the supply of finished (fuel) products, because the rail track was flooded between central to northern and northeastern Thailand, we have to transport by trucks,” she said, adding that the railway was flooded last week.

Bangkok, however, is bracing itself for the flood, with Prime Minister Yingluck Shinawatra seeking donations of 700,000 tonnes of sand bags to protect Thailand’s capital from the flood waters, according to media reports.

The flooding is considered the worst to hit Thailand in 50 years and has so far killed at least 269 people since 25 July, according to Bloomberg.

Some plastics processors located in the west and north of Bangkok have shut their factories, partly because of the disruption to the supply of raw materials caused by the floods, said market source.

Additional reporting by Chow Bee Lin

By: Pearl Bantillo
+65 6780 4359

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