Kuraray, PTTGC and Sumitomo JV makes investment decision for butadiene derivatives plant in Thailand
On 26 December 2018, the joint venture Kuraray GC Advanced Materials Co., Ltd. announced that it will invest in a butadiene derivatives plant at the WHA Eastern Industrial Estate (Map Ta Phut Complex), Rayong Province, Thailand.
The company is a joint venture of Kuraray Co., Ltd., PTT Global Chemical Public Company Ltd. (PTTGC) and Sumitomo Corporation. Kuraray holds a majority share of 53.3 %, while PTT and Sumitomo hold minority shares of 33.4 % and 13.3 %, respectively. The three companies have been carrying out a feasibility study for the manufacturing and sale of butadiene derivatives in Thailand since September 2016.
The plant will comprise facilities for the production of 13,000 t/y high heat resistant polyamide-9T (PA9T) as well as 16,000 t/y hydrogenated styrenic block copolymers (HSBC). In addition, Kuraray announced that its wholly-owned subsidiary Kuraray Advanced Chemicals (Thailand) Co., Ltd. will solely construct production facilities for 5,000 t/y 3-Methyl-1.5-Pentanediol (MPD) adjacent to the above-mentioned plant. Kuraray will invest approximately JPY 40 billion (~ EUR 321 million) in the new site. Completion of construction is scheduled for the end of 2021.