US agribusiness giant Cargill Inc and Thailand's PTT Global Chemical Plc (PTTGC) announced on Tuesday they will build a biopolymer production facility at a cost of 20 billion baht in Nakhon Sawan.
Global Power Synergy Plc (GPSC), the power generation arm of PTT Group, has launched polymer-made floating structures, named "G Float", for floating solar farms in a move to develop innovation-led solar energy business.
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1 Among PTTGC s many new outlays are its olefins reconfiguration project and downstream projects, expected to be operational soon.
PTT Global Chemical Plc (PTTGC), Thailand s largest petrochemical producer, is considering yet another asset acquisition after it acquired Vinythai Plc, a polyvinyl chloride (PVC) maker, through a delisting tender offer two weeks ago.
PTTGC chief executive and president Kongkrapan Intarajang said the company is in negotiations with downstream petrochemical manufacturers that specialise in high value-added (HVA) products such as high-performance polymers, composites, and floating and adhesive materials.
These HVA downstream petrochemicals move PTTGC away from commodity-grade polymers, whose global market is highly competitive and exposed to fluctuation, he said.
NBC poised to kick off first phase
published : 2 Mar 2021 at 04:00
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Nakhon Sawan Bio Complex (NBC), Thailand s first biochemical complex, will start its first-phase operation within the first quarter as Global Green Chemicals Plc (GGC), a biochemical arm of PTT Global Chemical Plc, is scheduled to open its factories soon.
GGC, which started construction of 7.5-billion-baht facilities in October 2019, will operate the factories through its subsidiary, GGC KTIS Bio Industrial Co (GKBI), a joint venture with Kaset Thai International Sugar Corporation Plc (KTIS).
This project will be a major economic driver, putting Thailand on the fast track of bio-economic development, according to GGC vice-president Wanlapa Sophiskhaunkhant.