Thailand draws new investment in EEC project
by ChemOrbis Editorial Team - content@chemorbis.com
According to media sources, Thailand is planning to attract new investments from local and foreign investors for the country’s Eastern Economic Corridor (EEC) project.
The project, which has been a main growth driver for 2017, is expected to see new investments from several petrochemical producers, namely Thailand’s PTT Global Chemical (PTTGC) and Siam Cement Group Plc (SCG).
Accordingly, PTTGC consider spending almost $10.5 billion over the course of next five years. Within the scope of the project, the company is also building a cracker with 500,000 ton/year ethylene and 261,000 ton/year propylene capacity in Map Ta Phut, Thailand.
Meanwhile, SCG reportedly has an investment budget of around $2 billion, of which approximately $900 million is allocated to petrochemical projects. The company invested around $7.7 billion in the construction of Vietnam’s first petrochemical complex. The new Long Son petrochemical complex is expected to start commercial operations by 2022.
The project, which has been a main growth driver for 2017, is expected to see new investments from several petrochemical producers, namely Thailand’s PTT Global Chemical (PTTGC) and Siam Cement Group Plc (SCG).
Accordingly, PTTGC consider spending almost $10.5 billion over the course of next five years. Within the scope of the project, the company is also building a cracker with 500,000 ton/year ethylene and 261,000 ton/year propylene capacity in Map Ta Phut, Thailand.
Meanwhile, SCG reportedly has an investment budget of around $2 billion, of which approximately $900 million is allocated to petrochemical projects. The company invested around $7.7 billion in the construction of Vietnam’s first petrochemical complex. The new Long Son petrochemical complex is expected to start commercial operations by 2022.
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