Butadiene JV project in Thailand

Sumitomo Corporation, PTT Global Chemical (Thailand) and Kuraray Co., Ltd signed an agreement to set up a joint venture (JV) to manufacture and sell butadiene derivatives. 

 

Since September 2016 the three companies have been conducting a detailed feasibility study on manufacturing and sales of PA9T heat-resistant polyamide resin and HSBC hydrogenated styrenic thermoplastic elastomer at a candidate location on the Hemaraj Eastern Industrial Estate located in the petrochemical complex at Map Ta Phut in Rayong province, Thailand. With the conclusion of the joint venture agreement, the three companies will begin application procedures with the relevant authorities, and will be working out final investment decisions and other details pertaining to the joint venture company.

 

The project can expect to see steady growth with competitive raw material and utilities supply from PTTGC and the PTT Group, Kuraray’s production technology and sales and marketing know-how, and Sumitomo’s global trade network.