Thai PTT Global sets capex of $4.5 bln from 2015 to 2019

BANGKOK:  Thailand's PTT Global Chemical PCL said on Friday it planned to spend $4.5 billion from 2015 to 2019, most on a petrochemical complex in Indonesia and another project in the United States as part of its foreign expansion.

PTT Global, a flagship in the petrochemical business of PTT PCL, expected to make a decision in March or April about the location of the olefin plant in the United States, chief executive Supattanapong Punmeechaow told reporters.