AKCC & PTT JV to study acrylonitrile (AN) & other petrochemicals
24 Feb '06
3 min read
Discussions are premised on AKCC providing a process technology license and marketing the product with PTT supplying all necessary propane feedstock. The capital participation of Marubeni Corporation (Tokyo, Japan; President: Nobuo Katsumata) is also planned.
Completion of this project would raise AKCC's global AN supply capacity to approximately 1 million tons/year (including 270,000 tons/year at Korean subsidiary Tong Suh Petrochemical), on par with that of present world leader Ineos Nitriles.
AKCC and PTT are studying the joint construction of a 70,000 ton/year MMA plant in conjunction with the AN plant and with the same start-up target of year-end 2009. Acetone supplied by the PTT Group is to be used at the AN plant to produce acetone cyanohydrin (ACH), the key feedstock for MMA. Process technology is to be licensed by AKCC.
Completion of this project would complement AKCC's present MMA production in Japan with a base for supply in the growing market of Southeast Asia, and raise supply capacity to 170,000 tons/year. The prospects for joint construction of a 25,000 ton/year PMMA plant are also being discussed.
Gas company PTT Plc with core businesses in natural gas, oil, petrochemicals, and refining, is Thailand's largest private enterprise, established in 2001 through the privatization of Thai state-owned energy and petroleum-related assets and operations.
Asahi Kasei Fibers is the core operating company for all fibers and textiles operations of the Asahi Kasei Group. A wide and expanding range of innovative materials for apparel and industrial applications are produced with the know-how gained through eight decades of industry leadership.
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