Thai PTTGC and Japanese companies join hands in $ 900m chemical venture
Global Chemical Pcl, Thailand’s largest petrochemical producer, is investing in a $900m polyols facility with two Japanese partners.
PTTGC CEO Supattanapong Punmeechaow, announced in a statement a joint venture in Thailand between PTTGC, Sanyo Chemical Industries and Toyota Tshusho Corporation, Toyota’s trading arm, called GC Polyols. The plant, to be located in the eastern province of Rayong, will have the capacity to produce 130 Mtpy of polyether polyols and PU (polyurethane) system of 20 Mtpy. It will be operational in 2020.