Thai PTTGC plans $11b capex by 2020, mulls new cracker


BANGKOK: Thailand's largest petrochemical maker, PTT Global Chemical Pcl (PTTGC), plans to invest $11 billion by 2020 to expand capacity and focus on high-margin specialties and green products, its chief executive said.

That budget included a plan to invest $3 billion to build a new olefins cracker with estimated annual capacity of 1 million metric tons (1.1 million tons), Chief Executive Anon Sirisaengtaksin told Reuters in an interview.

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