JENNIFER COMPSTON-STROUGH Staff writer
A company spokesman said a report Thursday that the proposed PTT Global Chemical ethane cracker project will be further delayed is “just not true.”
The Bangkok Post reported that PTTGC CEO Kongkrapan Intarajang announced that a final investment decision on the project would be delayed to give the company time to trim down development costs and to secure a new business partner for the venture. But Dan Williamson, Columbus-based spokesman for PTTGC America, denied the report, citing other accounts of the same conversation that did not indicate Kongkrapan made such an announcement.
“The story is just not true,” Williamson said, referring to the CEO with a moniker used by many associated with the project. “Dr. K did not say that. … As I understand it, he’s committing to a midyear announcement.”