The project involves constructing a new petrochemicals complex in Rayong, Thailand by PTT Asahi Chemical Company, a joint venture, to produce 95,000 tons per year of acrylic resin, 70,000 tons per year of methyl methacrylate, and 200,000 tons per year of acrylonitrile using the latest propane-based technology. The project is estimated to cost $780 million and start-up is scheduled for 2010, with CTCI Corporation providing engineering and construction services and various banks providing financing.
The project involves constructing a new petrochemicals complex in Rayong, Thailand by PTT Asahi Chemical Company, a joint venture, to produce 95,000 tons per year of acrylic resin, 70,000 tons per year of methyl methacrylate, and 200,000 tons per year of acrylonitrile using the latest propane-based technology. The project is estimated to cost $780 million and start-up is scheduled for 2010, with CTCI Corporation providing engineering and construction services and various banks providing financing.
The project involves constructing a new petrochemicals complex in Rayong, Thailand by PTT Asahi Chemical Company, a joint venture, to produce 95,000 tons per year of acrylic resin, 70,000 tons per year of methyl methacrylate, and 200,000 tons per year of acrylonitrile using the latest propane-based technology. The project is estimated to cost $780 million and start-up is scheduled for 2010, with CTCI Corporation providing engineering and construction services and various banks providing financing.
The project involves constructing a new petrochemicals complex in Rayong, Thailand by PTT Asahi Chemical Company, a joint venture, to produce 95,000 tons per year of acrylic resin, 70,000 tons per year of methyl methacrylate, and 200,000 tons per year of acrylonitrile using the latest propane-based technology. The project is estimated to cost $780 million and start-up is scheduled for 2010, with CTCI Corporation providing engineering and construction services and various banks providing financing.
Name and Location Acrylonitrile plant, Rayong, Thailand. Project Description The project involves the construction of a newpetrochemicals complex, which will produce 95 000 t/y of acrylic resin, 70 000 t/y of methyl methacrylate and 200 000 t/y of acrylonitrile. The acrylonitrile facility will use the latest propane-based technology. Value The project will cost an estimated $780-million. Duration Start-up is scheduled for 2010. Client PTT Asahi Chemical Company, a joint venture between Asahi KaseiChemical Corporation, Marubeni Corporation and the PTT Public Company. Key Contracts and Suppliers CTCI Corporation (engineering, procurement and constructioncontractor); and ING Groep NV, Norinchukin Bank, Bank of Tokyo Mitsubishi-UFJ, Sumitomo Mitsui Banking Corporation and Sumitomo Trust & Banking Company (finance). Latest Developments None stated. On Budget and on Time? Too early to state. Contact Details for Project Information Asahi Kasei, tel +81 3 3296 6000 or fax +81 3 3296 3161. Edited by: Martin Zhuwakinyu