Siam Gulf Petrochemical to build condensate splitter

Siam Gulf Petrochemical, an affiliate of Rayong Purifier Co., will invest 700 million baht ($16.66 million) to build a condensate splitter facility in the Thai southern province of Phetchaburi. Industrial Finance Corporation of Thailand has approved 1 billion baht of credit�half for constructing the plant and the other half in the form of letter of credit.


BANGKOK�Siam Gulf Petrochemical, an affiliate of Rayong Purifier Co., will invest 700 million baht ($16.66 million) to build a condensate splitter facility in the Thai southern province of Phetchaburi.

Industrial Finance Corporation of Thailand has approved 1 billion baht of credit�half for constructing the plant and the other half in the form of letter of credit.

The facility will have the capacity to process 30,000 b/d of condensate produced from gas fields in the Gulf of Thailand, into 600,000 metric tonnes/year of naphtha and 350,000 tonnes/year of low-sulfur diesel oil and other hydrocarbon products such as crude butane, waxy residue and condensate residue.

Pending government approval of the environment impact study, construction of the plant, about 200 km south of Bangkok, is scheduled to begin early next year with commercial production slated for October, said Supapong Krishnakan, managing director of Siam Gulf Petrochemical.

The naphtha produced from the plant will be delivered to domestic petrochemical industries. This year, Thai petrochemical plants imported 1.8 million tonnes of naphtha, with 2.4 million tonnes projected next year.

Siam Gulf Petrochemical is owned 30% by Thailand-based Rayong Purifier.

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