PTT Global Chemical (PTTGC) has teamed up with Toyota Tsusho Corporation and Sanyo Chemical Industries Ltd to jointly perform engineering study on potential development of propylene oxide (PO) and polyether polyols complex in Thailand. The complex, located at Hemaraj Eastern Industrial Estate (HEIE) in Rayong (Thailand), will be set up with approximately investment of $ 1 billion.
PTTGC will collaborate with Toyota Tsusho Corporation for propylene oxide plant (having capacity of 200 KTA), while it will work with both the companies - Toyota Tsusho and Sanyo Chemical - for polyether polyols project with 130 KTA capacity.
Supattanapong Punmeechaow, president & chief executive officer, PTTGC, stated, “Through this joint study, PTTGC will secure a reliable and stable supply of feedstock, which are propylene for PO production and ethylene oxide for polyols production while SCI will provide its technology know-how and R&D development for polyols to fulfill customer’s requirement. TTC will support the project with their logistics and order management expertise with strong market and sale network around the world especially in Asia Pacific & India for both PO and polyols. With the key strengths of three partners, it can enhance the project competitiveness.”
After the successful completion of a prelim joint feasibility study began in early of 2015, when PTTGC, TTC, and SCI signed a memorandum of understanding to launch the effort, the project has moved to the early phase of engineering study to perform front end engineering design and verify the viability of the project before Final investment decision (FID), which is targeted next year, for going to the phase of execution with engineering, procurement and construction (EPC).
Polyols is key raw material for manufacturing of high-quality polyurethane foams, added benefits of consuming less energy and process materials, as well as generating less waste, in automotive, furniture, band bedding, construction, electronic and electrical industries.