Kuraray, PTT Global And Sumitomo To Set Up Butadiene Jv In Thailand
Japan’s Kuraray and Sumitomo alongwith Thailand’s PTT Global Chemical Public Co. Ltd. (PTTGC) have signed an agreement to establish a joint venture company focused on the progression of a feasibility study for the manufacturing and sales of butadiene derivatives in Thailand, Kuraray said in a press note.
Since September 2016, the companies have been engaged in detailed feasibility studies regarding the production and marketing of heat resistant polyamide-9T (PA9T) and hydrogenated styrenic block copolymers (HSBC). Hemaraj Eastern Industrial Estate (Map Ta Phut Complex), Rayong, Thailand, has been identified as a candidate production site. Kuraray will hold 53.3% of the joint company, PTTGC will hold 33.4% and Sumitomo will own 13.3%.
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