;
Home / Knowledge / News / Textiles / PTTAR to head for an unwinding plan
PTTAR to head for an unwinding plan
14
May '08
PTT Plc, the leading oil producing firm of Thailand, integrated its refinery by merging its affiliates Aromatic Plc and Rayong Refinery Public Company Limited (RRC), giving it an entirely new identity of PTT Aromatics and Refining Plc (PTTAR).

This unit has plans to unwind its production by February next year. Presently, PTTAR is proceeding with an investment of US $1.2 billion to expand its distillation capacity. Presently, it has 145 KBD CDU and 70 KBD condensate splitter.

An official from PTT Aromatics and Refining Public Company Limited, told Fibre2fashion, “After the amalgamation between RRC and The Aromatics (Thailand) Public Company Limited (ATC) to be a company named PTT Aromatics and Refining Public Company Limited (PTTAR) on 27 December 2007, the unwinding plan has remained PTTAR's mission. Two companies PTTAR and Star Petroleum Refinery (SPRC) will be making a new commercial agreement to maintain the benefit obtained from the Operating Alliance.”

Of the total investment budget, $938 million goes to building an aromatic complex II, which would help double its production of paraxylene, mixed xylene and benzene capacity to 2.2 million tons a year from 1.1 million tons. The new complex is expected to start production in September this year.

Another $175 million would be used for increasing distillation capacity to 280,000 barrels from 215,000 barrels per day. Operations are scheduled to start in January of next year.

Fibre2fashion news Desk - India


Must ReadView All

India should consider 100% FDI in multi-brand retail: CII

Apparel/Garments | On 17th Dec 2018

India should consider 100% FDI in multi-brand retail: CII

The Indian Government should consider permitting 100 per cent foreign ...

Texhong Textile acquires Winnitex for HK$1350 mn

Textiles | On 17th Dec 2018

Texhong Textile acquires Winnitex for HK$1350 mn

Texhong Textile Group, one of world’s largest core spun yarn...

Courtesy: Donear

Textiles | On 17th Dec 2018

Grado to launch cotton fabrics collection next year

Grado by the house of OCM and GBTL-Grasim, owned by Donear Group,...

Interviews View All

Janak Dhamanwala & Sunil Dhamanwala, Jansun

Janak Dhamanwala & Sunil Dhamanwala
Jansun

Moving towards sustainability is also a social change

Karin Ekberg, Leadership & Sustainability

Karin Ekberg
Leadership & Sustainability

Sustainable models are beneficial for brands, retailers and manufacturers

Karan Toshniwal, Orange O Tec

Karan Toshniwal
Orange O Tec

Contemporary industry is paying more and more attention to the...

Erik Sy,

Erik Sy

Manila-based CustomThread is a start-up offering premium custom apparel...

Harsh Shah,

Harsh Shah

Established in 1956 with a small beginning, Embee today manufactures a...

Vikram Saria,

Vikram Saria

Shanghai-based Aura Designs Ltd is a leading manufacturer of textile and...

Eamonn Tighe, Nature Works LLC

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Razvan Popescu, Directa Plus SpA

Razvan Popescu
Directa Plus SpA

Directa Plus is one of the largest producers and suppliers worldwide of...

Chunyi Zhi, City University of Hong Kong

Chunyi Zhi
City University of Hong Kong

<div><b>Chunyi Zhi</b>, associate professor in the Department of Materials ...

Adriano Goldschmied, AG Jeans

Adriano Goldschmied
AG Jeans

The hype around 'designer jeans' was created by him. And the new wave of...

Judy Frater, Somaiya Kala Vidya

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Tony Ward, Tony Ward

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


December 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search