13 September 2016
DETAILS
from right:
Supattanapong( President & CEO,PTTGC ) ;
Masaaki Ito (President ,Kuraray) ;
Masahiro Fujita(Senior Managing Executive Officer, Sumitomo)
Mr. Supattanapong Punmeechaow;
President & CEO of PTT Global Chemical PLC’s (PTTGC)
had signed a Heads of Agreement (HOA) with
Mr. Kenichi Abe,
Director and Senior Executive Officer President
of Isoprene Company, Kuraray Co., Ltd. and
Mr. Yoshiyuki Sakamoto,
Corporate Officer, General Manager Basic
Chemical & Electronics Div., Sumitomo Corporation,
Mr. Patiparn Sukorndhaman,
Mr. Patiparn Sukorndhaman,
Chief Operating Officer –
Downstream Petrochemical Business of PTTGC
was also witnessed
on September 13, 2016 at Palace Hotel Tokyo, Japan.
The objective of HOA signing ceremony
is to do detail feasibility study
and perform Front-End Engineering Design (FEED)
for the development of manufacturing and sales
of Super Engineering Plastic:
* High-Heat Resistant Polyamide-9T (PA9T) and
* Hydrogenated Styrenic Block Copolymer (HSBC)
products in Thailand.
The investment decision will be made at the end of 2017.
The agreement will lead to
a new joint venture company
that is expected to commence operation in late 2020.
The project will be located in
Hemaraj Eastern Industrial Estate
in Thailand’s Rayong province will produce
13,000 tons/year
of High-Heat Resistant Polyamide-9T (PA9T)
and
16,000 tons/year
of Hydrogenated Styrenic Block Copolymers (HSBC).
Main feedstock for this project will be provided by PTTGC.
This project fits well with
PTTGC’s direction and growth strategy
to expand business into performance chemicals
which will lengthen PTTGC’s existing value chain
into more value added downstream products.
WWW.CHEMWINFO.COM BY KHUN PHICHAI
