PTT Global Chemical
| PTT Global Chemical Public Company Limited (PTTGC)
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|---|---|
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| legal form | Public company limited, Borisat chamkat mahachon |
| founding | October 19, 2011 |
| Seat |
Bangkok , Thailand
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| management | Bowon Vongsinudom (President & CEO), Prasert Bunsumpun (Chairman of the Board) |
| Branch | Oil and gas and plastics |
| Website | www.pttgcgroup.com |
| As of November 28, 2015 | |
PTT Global Chemical Public Company Limited ( Thai พี ที ที โกลบอล เคมิคอล , RTGS Phi Thi Thi Klobon Khemikhon ; short: PTTGC ) is a subsidiary of PTT Public Company Limited (PTT PCL) . It was created on October 19, 2011 through the merger of PTT Chemical Public Company Limited and PTT Aromatics and Refining Public Company Limited , and is the flagship of the PTT Group.
Companies
PTTGC is Thailand's largest refinery and petrochemical company with a daily capacity of 280,000 barrels of heavy oil and condensate and 8.75 million tons of olefins and aromatics annually . As a result of the merger, the production costs could be reduced through the increased capacity as well as the overhead costs in the production of downstream products through the joint management.
PTTGC was listed in the top 10 of the Dow Jones Sustainability Indices (DJSI) for two consecutive years and ranked 22nd among the world's leading petrochemicals in the ICIS Top 100 Chemical Companies . The company has seven main business areas. It focuses on investments in the field of special chemical products and environmentally friendly chemicals.
PTTGC also owns and operates production support facilities such as ship docks and tank farms for liquid chemicals and oil and gas. The production or processing and distribution of electricity, water, steam and other resources is of secondary importance.
Products
Aromatics and downstream products
PTTGC produces aromatics and downstream products in two locations in Rayong : the Map Ta Phut industrial area and the RIL industrial area. The total production of aromatics, including benzene , cyclohexane , 1,2-dimethylbenzene , 1,4-dimethylbenzene , toluene and other xylenes adds up to 2,259,000 tons per year.
Olefins
PTTGC's olefin plants use liquefied natural gas and naphtha as the basic substance in order to be flexible with the raw materials. The main products are ethylene , propylene , mixed C4 and pyrolysis gasoline .
Refinery products
PTTGC's refinery can process 280,000 barrels of heavy oil and condensates per day and produce 228,000 barrels of high quality petroleum products per day. The products can be divided into three groups:
- Heavy distillates such as heavy oil
- Medium distillates such as kerosene and diesel
- Light distillates such as liquefied petroleum gas , naphtha and alkanes
The Crude Refining Unit is a refinery complex with hydrocracker and visbreaker plants that can separate crude oil into medium distillates, including reformed hydrocarbons for the separation into aromatics. It has a capacity of 145,000 barrels / day.
The Condensate Splitter Units 1 and 2 produce reformed hydrocarbons for aromatics production as well as other petroleum products such as light naphtha, liquid gas and condensate residues. They have a capacity of 70,000 or 65,000 barrels / day.
Polymers
PTTGC's high-quality polymer resins are manufactured in environmentally friendly production facilities in accordance with international standards. These are required by the processing industry for a large number of plastic products. The product portfolio is as follows:
PTTGC was the first polymer manufacturer in Thailand to receive the carbon footprint label from the Thailand Greenhouse Gas Management Organization for the entire product range of the 69 polymer variants mentioned above.
The Dutch subsidiary of PTTGC holds 85% of the shares in the French chemical company Vencorex , which strengthens its position in the downstream polyurethane market. This enables it to produce toluene-2,4-diisocyanate (TDI) and hexamethylene diisocyanate (HDI) and similar chemicals to serve the Asian market. These chemicals can be processed into polyurethanes, which are needed for foams and coatings in the automotive and construction industries.
strategic planning
The US subsidiary of PTTGC plans to invest 100 million dollars in the detailed engineering of a modern cracker on a site in Mead Township on the west bank of the Ohio River in Belmont County , Ohio . It will take a year to prove feasibility using two consortia of engineering services led by Bechtel Enterprises Holdings Inc and Fluor Corporation to produce a front-end engineering design and estimate. The construction would then require a multi-billion investment. The ethane cracker is designed to break down ethane, which is mined in the Marcellus Formation and Utica Shale Formation in Ohio, into ethylene, which is a raw material for many plastics and synthetic resins. PTTGC plans to complete its investment plan by 2016 or 2017. If the project is carried out, the construction of the ethane cracker will take about 3½ years.
PTTGC aims to reduce external sales and exports of its upstream products by investing more in manufacturing facilities. One billion dollars has been allocated to a major overhaul of the Map Ta Phut retrofit project in Rayong, which is being converted from ethane to naphtha. 80% of the naphtha has so far been sold or exported to the more innovative Siam Chemicals Group . The move will enable PTTGC's olefin plants to produce a wider range of chemicals, such as: B. polyethylene , ethylene glycol and ethylene oxide , butadiene and polystyrene .
PTTGC intends to invest 3% of its proceeds in research and development. It aims to increase the proportion of high-quality end products from currently 4% to 20% within ten years. For example, PTTGC will build a bio-plastic industrial site in a joint venture with an estimated budget of 5 billion baht (143 million dollars). The site will be in central Thailand, where sugar cane is grown and used to make sugar, which is then converted into ethanol, with electricity being generated in a biomass power plant and further processed in a bio-plastics plant.
Individual evidence
- ↑ a b PTTGC: Who we are . Retrieved November 28, 2015.
- ↑ a b PTT Global Chemical set to invest more than $ 100M in eastern Ohio site. Thai Company Assessing Belmont County Site for Potential Construction of Multibillion-Dollar Petrochemical Complex . In: The New Ohio , September 3, 2015. Archived from the original on November 17, 2015 Info: The archive link has been inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice. . Accessed November 28, 2015.
- ^ FT Markets Data: PTT Global Chemical . Retrieved November 29, 2015.
- ^ PTTGC: Aromatics . Retrieved November 28, 2015.
- ^ PTTGC: Olefins . Retrieved November 28, 2015.
- ↑ a b PTTGC: Refinery . Retrieved November 28, 2015.
- ↑ a b PTTGC: Polymers . Retrieved November 28, 2015.
- ^ PTT Global Chemical increases stake in French chemical firm Vencorex . September 1, 2014. Accessed November 29, 2015.
- ↑ PTTGC to invest $ 7.7 bn in 5 years . November 18, 2015. Accessed November 29, 2015.
- ↑ Thailand's PTTGC to set up $ 143m JV for bio-plastic industrial estate . Retrieved November 29, 2015.
