Dow Assessing Thai InvestmentsPosted by McFadden Moore on February 1st, 2021 SCHWALBACH, Germany-- Dow Chemical is thinking about investing as much as US$ 150 million even more to incorporate downstream items right into its petrochemical manufacturing in Thailand since the US-based chemical titan sees some light at the end of the passage in obtaining its suspended task to continue. ATMP na5 , vice-president for production and engineering in Europe, the Center East, Africa and Russia, said Thailand had actually been short-listed as a potential place for downstream production of propylene oxide (PO). "We still believe in Thailand. Our team believe this job is truly a great one for Thailand, so it is of common passion," he claimed, adding that the Map Ta Phut impasse in Rayong province had however caused Dow to become extra mindful regarding tasks in the nation. Dow's PO joint venture with the Siam Cement Group (SCG) is among the 76 tasks in Map Ta Phut that the Central Administrative Court bought put on hold last September. The project will certainly be the largest of its kind in the world as soon as completed, with yearly capability of 390,000 tonnes. PO is among the largest-volume chemical intermediates produced worldwide, with annual demand over of 6.5 million tonnes. It is widely used for commercial as well as business products such as polyurethane and also propylene glycol, in addition to in cars, furnishings, paint, personal-care products as well as home insulation. Holger Bar, Dow's international technology supervisor, said the company would certainly make a decision by following year. It will be operational within three to five years if the job earnings. "We have open alternatives for this job, including co-investing with SCG," stated Mr Bar. Both have actually currently co-invested in neighborhood production of polyethylene, including unique grades of the synthetic resin. Along with its joint endeavor with Belgium-based Solvay, Dow has invested almost billion in Thailand. Talking at a conference with Market Minister Chaiwuti Bannawat as well as representatives of the Board of Investment during their current browse through to Germany, Mr Bar said Dow hoped the PO task would win authorization to proceed and also be able to start production by next year's 2nd quarter. Mr van Harten claimed the difficulties originating from Map Ta Phut should motivate chemical firms to team up to abide by required requirements, to enhance and also stabilise the industry.Like it? Share it! More by this author |