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Tuesday, May 14, 2024

Exxon cancels B330bn project

Exxon cancels B330bn project

EEC plant nixed due to Covid impact

Veeris: EEC still has potential

US oil and gas giant Exxon Mobil Corporation has scrapped its 330-billion-baht ethylene cracker and refinery expansion project in Chon Buri, but the decision will not affect the Eastern Economic Corridor (EEC) scheme, says a source at the Industrial Estate Authority of Thailand (IEAT) who requested anonymity.

Chon Buri, Rayong and Chachoengsao provinces form the EEC zone, the government’s flagship high-tech industrial hub.

Earlier in 2020, the IEAT hired the Petroleum Institute of Thailand for 20 million baht to conduct a feasibility study of this project, set to be located in the Sri…

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