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PTT Global Chemical (GC) signed a shareholders agreement with Dynachem to hold a 41.5% share in Dynachisso Thai Co., Ltd. (DYCT) to advance the PP compound engineering plastic business. DYCT has an installed capacity of 30,000 tons per year in Chonburi, Thailand.
The European Commission approved the acquisition of Envicco Limited by PTT Global Chemical and Alpla, creating Envicco to produce recycled plastics from post-consumer packaging at a site in Rayong province, Thailand. The first packaging waste recycling plant is planned to launch in late 2021.