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(Plastemart) -- Petrochemical
operators in Thailand are unlikely to feel much effect from the policy to
collect Bt1 per kilogram of LPG (liquefied petroleum gas) sales for the Oil
Fund, as per The Nation. It is unclear whether users of LPG as feedstock, not as
fuel, will be required to pay this contribution to the Oil Fund. It is expected
that the Energy Ministry will meet Thai petrochemical producers to discuss the
policy in detail before its implementation in January. The levy decision was
resolved by the National Energy Policy Council last week to reduce the burden of
importing LPG.
Even PTT Chemical, with annual demand of 400,000 tons of LPG, will face
minimal impact from the levy. This is because of its planned merger with PTT
Aromatics and Refining (PTTAR), one of the suppliers of LPG to PTTCH, which will
allow the company to use LPG as feedstock internally without purchasing it.
mrcplast.com
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