JV Agreement Signed Between Perstorp & PTT Global Chemical Public

(perstorp) -- Joint venture agreement was signed between Perstorp & PTT Global Chemical Public Company Ltd. (PTTGC) for the global production and specialty chemicals sales for the polyurethane industry on December 22, 2011.

The JV, focused on the production and trades of aromatic (tolylene diisocyanate (TDI)) and aliphatic (Isophorone diisocyanate (IPDI), hexamethylene diisocyanate (HDI) and derivates) isocyanates, comprises the founder Perstorp Business Group “Coating Additives” and its production units at Pont-de-Claix (France) and Freeport (the United States). 51 percent of the JV  will be owned by PTTGC and 49 percent by Perstorp.

PTT Global Chemical Public Company Limited is Thailand’s largest chemical producer and chemical flagship of PTT Group The company’s business value chain consists of upstream business with petrochemical capacity of 8.2 million tons per year and petroleum products capacity of 228,000 barrels per day. Downstream business includes polymers, EO-Based Performance, Green Chemicals, and High Volume Specialties.

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