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Wednesday, May 15, 2024

TOP to fast track value added deals

Oil refinery facilities, including a new clean fuel project, operated by Thai Oil in Chon Buri’s Sri Racha district.

Thai Oil Plc (TOP), Thailand’s largest oil refinery by capacity, is planning to partner with petrochemical operators in Southeast Asia to jointly add value to its refined oil products and supply them as feedstocks for the downstream petrochemical industry.

“The move will be a fast track for adding value, faster than the construction of production facilities ourselves,” said TOP chief executive and president Wirat Uanarumit.

Refined oil outputs include liquefied petroleum gas (LPG) and light and heavy naphtha from TOP’s clean fuel project, new petrochemical and power generation facilities which are currently under construction.

The project requires US$4.82 billion to increase oil refinery…

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