# 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.

- Type: Investment
- Announced: 2017-08-25
- Where: Hemaraj Eastern Industrial Estate, Rayong, Thailand
- Value: $900.0M
- Starts operating: Q3 2020
- Status: announced
- Capacity: 130,000 tonnes polyether polyols and 20,000 tonnes polyurethane per year
- Products: polyether polyols, polyurethane
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md), [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [GC Polyols Co.](https://endata.com/companies/26541.md)
- [PTT Global Chemical](https://endata.com/companies/813.md) (investor)
- [Toyota Tsusho](https://endata.com/companies/3935.md) (partner)
- [Sanyo Chemical Industries](https://endata.com/companies/15157.md) (partner)

## Sources

- [bangkokpost.com](https://www.bangkokpost.com/business/general/1313167/3-firms-ally-on-polymer-project), 2017-08-25: "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."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.