PTTGC, Sanyo Chemical, Toyota Tsusho form $900M polyols joint venture in Thailand

PTT Global Chemical, Sanyo Chemical Industries and Toyota Tsusho Corporation formed a joint venture, GC Polyols Co., to build a $900 million polyols production facility in Rayong, Thailand. The plant will have annual capacity of 130,000 tonnes of polyether polyols and 20,000 tonnes of polyurethane, with operations expected to start in the second half of 2020.

“This deal is an important step for PTTGC to follow the government's policy to make Thailand a fast-growing economy, because polyols is one of the major high-value-added products.”bangkokpost.com

• 1 source
• bangkokpost.comBangkok Post - 3 firms ally on polymer projectYuthana PraiwanAug 25, 2017

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