Asahi-Marubeni-PTT to set up ACN & MMA plants in Thailand
28 Mar '08
3 min read
By using hydrogen cyanide byproduct from the AN plant as feedstock for MMA production with the acetone cyanohydrin (ACH) process, the new MMA plant in Thailand will achieve superior cost competitiveness as AKCC increases market share through expanded sales in the growing markets of Asia.
Outline of the new AN plant Capacity: 200,000 tons/year Process: Propane process Location: Map Ta Phut, Rayong, Thailand Feedstock supply: Propane from PTT, imported ammonia Groundbreaking: Summer 2008 Start-up: Late 2010 Sales channel: Sale in Thailand by the JV, elsewhere by AKCC Annual sales forecast: ˜¥40 billion
Outline of the new MMA plant Capacity: 70,000 tons/year Process: ACH process Location: Map Ta Phut, Rayong, Thailand Feedstock supply: Acetone from PTT affiliate PTT Phenol Co., Ltd. Groundbreaking: Summer 2008 Start-up: Late 2010 Sales channel: Sale in Asean by the JV, elsewhere by AKCC Annual sales forecast: ˜¥18 billion (incl. 160,000 tons/year ammonium sulfate)
Scale of investment Of a total project expense of some US$750 million, or approximately ¥80 billion, half will be raised through project finance. AKCC will make an investment of some ¥20 billion as part of the Asahi Kasei Group's strategic investment under Growth Action – 2010.
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