Thailand's petrochemical demand grows; two plants proposed

Burgeoning petrochemical demand in Thailand shows little sign of abating, with plans looming for two new world-class aromatics projects. Petroleum Authority of Thailand plans a $1.2 billion complex in a 60-40 joint-venture with Chevron Corp. to produce 675,000 metric tons/year of paraxylene and 600,000 tons/year of benzene. The complex, to be located at Mab Ta Phut industrial complex at Rayong, is due to come on stream in 2000. The project marks Chevron's entry into Thailand's basic petrochemicals sector, and the plant will be the biggest grassroots aromatics plant in the kingdom, officials said. Exxon's project Meanwhile, Exxon Corp. is poised to be...

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