Thaioil Plans Big Investment Program Including Petchems Expansion

Thaioil (Bangkok), Thailand’s largest oil refiner, is investing $1.8 billion to upgrade refineries, improve infrastructure, and build value-added petrochemical plants. The investment is budgeted for 2012-17 at an average rate of $300 million/year, newly appointed CEO Veerasak Kositpaisal says. Half of the total has been approved by the Thaioil board with the rest expected to receive the go-ahead later this year. The projects include a $218-million linear alkyl benzene plant as well as a para -xylene and solvent capacity expansion totaling $60 million, and a...

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