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Kuraray, PTTGC and Sumitomo Partner for Butadiene Derivatives Development

Published on 2016-09-14. Author : SpecialChem

Kuraray, PTT Global Chemical Public Company Ltd. (“PTTGC”) and Sumitomo Corporation have signed a Head of Agreement to jointly perform a Feasibility Study (“F/S”) for potential development of manufacturing and sales of Butadiene derivatives in Thailand.

Feasibility Study for Butadiene Derivatives Development

Kuraray Butadiene Development

After the successful completion of a prelim joint feasibility study for potential development of Butadiene derivatives in Thailand based on a Memorandum of Understanding signed by Kuraray, PTTGC and Sumitomo in September 2015, three partners decided to move forward the project to the early phase of engineering study to perform Front End Engineering Design by signing HOA. The Final Investment Decision (“FID”) shall be made in end of 2017. Equity proportion and other details are being under consideration.

The F/S will be targeted to start operation of 13KTA High Heat Resistant Polyamide-9T (PA9T) and 16KTA Hydrogenated Styrenic Block Copolymers (HSBC) in Hemaraj Eastern Industrial Estate (Map Ta Phut Complex), Rayong in Thailand in late 2020. Butadiene as a key raw material will be supplied by PTTGC in the industrial area.

Business Expansion for Butadiene and Isobutene Derivatives

In addition Kuraray will solely conduct the F/S of 5KTA 3-Methyl-1,5-Pentanediol (MPD) which is one of Kuraray’s Isobutene derivatives in same site of plants of Butadiene derivative. The FID will be made in end of 2017 and the start operation will be targeted in late 2020. Isobutene as a key raw material will be supplied by PTTGC in the industrial area.

Kuraray will pursue the global business expansion for Butadiene and Isobutene derivatives in combination with the competitive supply of raw material and utilities from PTTGC and PTT group, and Sumitomo’s global trade network, and Kuraray’s capability and know-how of the production technology and sales & marketing.

About Sumitomo

With its global network and based on trust from companies in various industries and from consumers, Sumitomo Corporation engages in multifaceted business activities by making the most of its Integrated Corporate Strength. These business activities include sales of a variety of products and services within Japan, import and export, trilateral trade, and domestic and international business investment.

About PTT Global Chemical

PTT Group’s chemical flagship, PTTGC commands a combined olefins and aromatics capacity of 9.26 million tons/year together with 280,000 barrels/day of crude oil and condensate refining capacity, making it one of the Thailand’s largest and ASEAN’s leading integrated petrochemical and refining company.

About Kuraray

Kuraray was founded in 1926 for the purpose of commercializing synthetic rayon, which was cutting edge technology at the time. In 1950 during the post-World War II period, as Japan's first domestic producer of synthetic fiber based on original Japanese technologies 

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Source: Kuraray
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