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Thai petrochemical majors deliberate court injunction against 76 industrial projects

October 06/2009
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 governments 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.


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