PTTGC signs up for olefins modification project
PTT Global Chemical (PTTGC) on Wednesday announced it signed an engineering, procurement and construction agreement for the Olefins 2 Modification Project on January 22.
This move allows PTTGC to boost the use of propane gas as feedstock and aligns with the company’s strategy to enhance feedstock flexibility and long-term competitiveness, said Pattaralada Sa-Ngasang, executive vice president for finance and accounting.
“So far, the environmental impact assessment [EIA] has been approved by the Office of Natural Resources and Environmental Policy and Planning,” she said.
“The project should go into commercial operation within the first quarter of 2023. The total investment for this project is approximately [US]$165 million or Bt5.19 billion.”
She said the agreement was signed in line with the PTTGC board of directors’ resolution at a meeting in October last year.