News Releases 2018
Dec. 28, 2018
JGC Awarded High-Performance Synthetic Resin Production Plant Project in Thailand
Yokohama, Japan - JGC Corporation announces that it has been awarded the contract for the construction of chemical plants that will be the foundation of a high-performance synthetic resin manufacturing and sales undertaking in Thailand (hereinafter, the project) involving Kuraray Co., Ltd. (hereinafter Kuraray), PTT Global Chemical Public Company (hereinafter, PTTGC) and Sumitomo Corporation (hereinafter, Sumitomo).
Outline of the Project
|1. Contracting Party
|Kuraray GC Advanced Materials Co., Ltd.
(Investment ratio: Kuraray 53.3%, PTTGC 33.4%, Sumitomo 13.3%)
Kuraray Advanced Chemicals (Thailand) Co., Ltd.(Investment ratio: Kuraray 100%)
|2. Type of Plant
|Butadiene Derived Products Manufacturing Plant
|Isobutylene Derived Product Manufacturing Plant
|Hemaraj Eastern Industrial Estate located in the petrochemical complex at Map Ta Phut in Rayong province, Thailand
|5. Scope of Work
|Scheduled for 2021
|7. Contract Amount
The project aims to create a globally competitive high-performance synthetic resin manufacturing and sales business that employs butadiene and isobutylene produced at a petro-chemical complex in the Hemaraj Eastern industrial estate by PTTGC, one of the partner companies undertaking the project. The derivatives of butadiene and isobutylene will be used in the production of a wide range of items including electrical and electronic components, automotive parts, daily necessities and medical equipment.
As well as having constructed a Hydrogenated Styrenic Block Copolymers hydrogenated styrene thermosplastic elastomer- HSBC production plant in the United States for Kuraray in the early 2000's, JGC is also carrying out the Front End Engineering Design (FEED) for this project. The reason for selection of JGC as the contractor for this project is seen as a result of the client's overall positive evaluation of this proven performance, the company's highly-developed engineering skills and project management ability together with its bid estimate and schedule.
In light of the growth in the world demand for chemical products, in recent years Japanese chemical manufacuturers have undertaken plans to build up production capacity in areas where petroleum and chemical products are price competitive. JGC intends to leverage its wide experience in plant construction to obtain orders from Japanese chemical product makers as they undertake the construction of various types of plants overseas.