Thailand’s PTTGC delays refinery and petchem plans in Vietnam
by ChemOrbis Editorial Team - content@chemorbis.com
According to media reports, Thailand’s PTT Global Chemical has delayed its plans to build a $20 billion refinery and petrochemical complex in Vietnam. The company reportedly cited political changes in the country and uncertainty in global oil markets as the main reasons behind their decision. An official from the company also added that they will review investment at the end of the year.
The company had initially planned to start construction this year in partnership with Saudi Aramco. The complex was planned to house a 400,000 barrels of oil per day (bpd) refinery and an olefins and aromatic petrochemical plant with annual production capacity of 5 million tons/year. The company was aiming to meet Vietnam’s domestic demand for oil and petrochemical products and boost its exports.
The company had initially planned to start construction this year in partnership with Saudi Aramco. The complex was planned to house a 400,000 barrels of oil per day (bpd) refinery and an olefins and aromatic petrochemical plant with annual production capacity of 5 million tons/year. The company was aiming to meet Vietnam’s domestic demand for oil and petrochemical products and boost its exports.
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