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PTT Global Chemical to raise run rates at No.1 cracker in Thailand

October 03/2013

MOSCOW (MRC) -- Thailand's PTT Global Chemical is in the porcess of raising the run rates at its No. 1 cracker, reported Apic-online.

A Polymerupdate source in Thailand informed that the run rates will be raised to 90% of production capacity this week. The plant is presently running at 85% of production capacity.

Located in Map Ta Phut, Thailand, the cracker has a production capacity of 515,000 mt/year.

As MRC wrote previously, PTT Global Chemical plans to reduce its petrochemical processing rate to 85% due to a shortage of feedstock after a shutdown of its parent's gas separation plant unit 5 for three to five months.

We remind that in June 2013, Indonesian state-owned energy company Pertamina signed an agreement to purchase petrochemical products from Thailands PTT Global Chemical. The agreement serves as a pre-marketing strategy for Pertamina and PTTs joint Indonesian petrochemical business. Under the agreement, PTT will deliver at least 5,000 tonnes of polyethylene and polypropylene products each month to Pertamina for sale in Indonesia.

PTT Global Chemical is a leading player in the petrochemical industry and owns several petrochemical facilities with a combined capacity of 8.45 million tonnes a year. PTTGC is 49% owned by state-controlled parent PTT Pcl, and uses ethane and liquefied petroleum gas (LPG) from the gas plant as feedstock for its I4-2 olefins plant.


mrcplast.com
Author:Margaret Volkova
Tags:PP, PE, oil, neftehimiya, Pertamina, PTT Chemical, Indonesia, Thailand.
Category:General News
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