Thailand's PTTGC to set up $143m JV for bio-plastic industrial estate

Thailand's PTTGC to set up $143m JV for bio-plastic industrial estate

Image of green chemical from PTT Global Chemical website

PTT Global Chemical (PTTGC), Thailand’s leading petrochemical company under PTT’s umbrella, will establish a  50:50 joint venture with one of the country’s leading sugar makers to set up the nation’s first bio-plastic industrial estate with an estimated investment of 5 billion baht ($143 million).

This move follows its plan to drive Thailand to be a bio-plastic hub to serve the rising demand in the region.

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