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Environment
Thais, Japanese float project
May 22, 2006
| A version of this story appeared in
Volume 84, Issue 21
Asahi Kasei and Marubeni of Japan and PTT of Thailand have signed a letter of intent to build a 200,000-metric-ton-per-year acrylonitrile plant and a 70,000-metric-ton methyl methacrylate unit in Thailand. The partners have formed a company to manage the $525 million project, in which Asahi and PTT each own a 47.5% stake and Marubeni owns the remaining 5%. The venture will also study building a methacrylate polymer plant. The projects will be fed by propane instead of the propylene that is normally used. PTT did not say when it expects the plants to come on-line.
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