PTT Asahi Builds Acrylo Complex

PTT Asahi Chemical has signed a $400-million loan agreement with a syndicate of Japanese banks to finance a previously announced petrochemical complex at Map Ta Phut, Thailand. The complex will be designed to produce 200,000 m.t./year of acrylonitrile using Asahi Kasei’s novel process, which starts from propane rather than propylene, and 70,000 m.t./year of methyl methacrylate based on Asahi Kasei’s conventional acetone cyanohydrin technology. Completion is scheduled for 2010. PTT Asahi Chemical is owned 48.5% each by Asahi Kasei and energy company...

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