October, 6 (plastemart.com) --
Serious concern has been expressed by Thai petrochem majors over the
delay of their 25 projects to meet the Euro IV emission standard. These
projects are planned by 8 companies at a combined investment outlay of
Bt120 bln - particularly the sixth gas-separation plant and the
project. Most of the projects are slated for completion from H2-2009
till 2012.
Petrochemical companies in Thailand
including Siam Cement Group and the Federation of Thai Industries, are
deliberating alleviate the problems stemming from the Central
Administrative Court"s injunction against 76 industrial projects. If
the court does not accept the Thai government’s yet to be filed an
appeal to allow the projects to proceed, the affected parties could ask
the court for relaxation. The Industry Ministry plans to give its best
shot to file the appeal, or the ruling would further affect investor
confidence.
