MOSCOW (MRC) -- PTT Global Chemical (PTTGC), in its management discussion analysis for 2019, said a new olefins plant being built at its complex in Map Ta Phut, Rayong, Thailand, is expected to start commercial operation this year, reported Apic-online.
The USD985-million project includes a 500,000-t/y ethylene plant, based on CB&I's technology, and a 250,000-t/y propylene unit. It will increase the company's total nameplate olefins capacity to 3.7-million t/y from nearly 3-million t/y currently.
In 2018, Samsung Engineering awarded a contract to CB&I for the license and basic engineering of the ethylene facility and a pyrolysis gasoline hydrogenation unit. The contract also included detailed engineering and material supply of Short Resistance Time pyrolysis heaters.
As MRC informed earlier, this month, PTT Global Chemical (PTTGC) and ALPLA established a new joint venture, named Envicco, to build and operate a recycled plastics resin plant at the Asia Industrial Estate in Rayong Province, Thailand.
Ethylene and propylene are feedstocks for producing polyethylene (PE) and polypropylene (PP).
According to MRC's ScanPlast report, Russia's estimated PE consumption totalled 2,093,260 tonnes in 2019, up by 6% year on year. Shipments of all PE grades increased. PE shipments rose from both domestic producers and foreign suppliers. The estimated PP consumption in the Russian market was 1,260,400 tonnes in January-December 2019, up by 4% year on year. Supply of almost all grades of propylene polymers increased, except for statistical copolymers of propylene (PP random copolymers).
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.
MRC