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PTT Global Chemical to invest $4.5 billion in next four years

7:38 AM MST | January 2, 2014 | Deepti Ramesh

PTT Global Chemical (PTTGC; Bangkok) plans to invest $4.5 billion during 2014–18. The investment will focus on expanding the company’s business and presence outside Thailand, say press reports. The investment locations include China, Indonesia, Malaysia, and Vietnam. Late last year Pertamina (Jakarta) and PTTGC expanded on the details of their previously announced petrochemicals joint venture in Indonesia. The joint investment will include constructing a world-scale steam cracker and downstream products complex. The preliminary investment cost...

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