30 July 2012 10:02 [Source: ICIS news]
“The new formula … under the current oil prices will result in the increase of petrochemical feedstock by $40 (€32/tonne) per metric tonne or by 8%,” PTTGC said in statement.
The formula was based on a crude price range of $70-130/bbl, the company said.
PTTGC uses natural gas as feedstock for petrochemical production.
It is the flagship petrochemical company of Thai energy giant PTT.
($1 = €0.81)
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