PTT Mulls Building New China Petrochemical Plant

PTT Global Chemical, Thailand's largest petrochemical producer by revenue, is looking into building a new plant in China to take advantage of strong demand there.

A feasibility study will be completed by the end of the year, PTT Global CEO Anon Sirisaengtaksin told reporters Wednesday, without elaborating on what products will likely be produced there.

The company is also evaluating investment opportunities in Indonesia, Mr. Anon said.

Incorporated in late 2011 through a merger of PTT Chemical PCL and PTT Aromatics and Refining PCL, PTT Global Chemical has petrochemical capacity of 8.2 million tpy of olefins and aromatics and refining capacity of 280,000 bpd.