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Markets :: Basic Chemicals :: Petrochemicals :: Ethylene

Exclusive: PTTGC mulls cracker in US, advances in Indonesia, pulls out of Malaysian JV

5:08 AM MDT | May 14, 2014 | Natasha Alperowicz in Bangkok

PTT Global Chemical (PTTGC; Bangkok), Thailand’s largest chemicals player, is studying plans for a possible cracker and derivatives project in the United States and is advancing with a previously announced, $4–5 billion petrochemicals joint venture in Indonesia. However, the company will not pursue plans for a jv with Petronas as part of the $20-billion Refinery and Petrochemical Integrated Development (Rapid) project at Pengerang, Johor State, Malaysia.   Bowon Vongsinudom, president and CEO of PTTGC, in an exclusive interview with CW at Bangkok...

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