Thailand’s PTT Global in talks for its new petchem projects
by ChemOrbis Editorial Team - content@chemorbis.com
According to media reports, Thailand’s PTT Global Chemical is reportedly in talks with Indonesia’s Pertamina and Saudi Aramco in order to expand the naphtha capacity at Pertamina’s Balongan refinery in order to supply feedstock to PTT Global’s proposed petrochemical complex in Indonesia.
PTT Global and Pertamina established a joint venture for an olefins cracker with a production capacity of 1.5 million tons/year in Balongan City, Indonesia. The cracker is expected to begin commercial runs by 2022.
For the proposed petrochemical complex, Pertamina is expected to make a final investment decision by the second quarter of 2017.
Meanwhile, PTT Global also seeks to find another partner along with Japan’s Marubeni to invest in its planned $5.7 billion petrochemical complex in Ohio, US. In April, PTT Global and Japan’s Marubeni Corp. selected a site in Belmont County, Ohio for the construction of a proposed new ethane-based cracker. The proposed cracker reportedly will source ethane from the region’s Marcellus and Utica Shale formations.
PTT Global and Pertamina established a joint venture for an olefins cracker with a production capacity of 1.5 million tons/year in Balongan City, Indonesia. The cracker is expected to begin commercial runs by 2022.
For the proposed petrochemical complex, Pertamina is expected to make a final investment decision by the second quarter of 2017.
Meanwhile, PTT Global also seeks to find another partner along with Japan’s Marubeni to invest in its planned $5.7 billion petrochemical complex in Ohio, US. In April, PTT Global and Japan’s Marubeni Corp. selected a site in Belmont County, Ohio for the construction of a proposed new ethane-based cracker. The proposed cracker reportedly will source ethane from the region’s Marcellus and Utica Shale formations.
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