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 他のページへ トップページ  アジアの石油化学  アジアのPVC/VCM  タイの石油化学(トップ)                                                    連絡先 [email protected]

     

ナショナル・ペトロケミカル・コーポレーション(NPC)

         PTT(タイ石油公社)、Siam Cement傘下

Siam Cement is NPC's second largest shareholder, holding approximately 25 percent, next to PTT Plc, the country's largest oil company, which controls about 38 percent of NPC.
       ↓
SCC recently said it boosted its ownership of NPC to 30.14 percent through collecting shares directly from the Thai bourse to strengthen its position as the countrys leading olefin maker.
The acquisition of additional shares in NPC, an ethylene and propylene manufacturer, came after the petrochemical business becomes the groups largest income generator.
The latest acquisition by SCC has made the group the second largest shareholder of NPC, closely behind the national oil company PTT Plc, which holds 37.99 percent.
SCC directly owns about 27.64 percent of NPC, while it indirectly owns another 2.5 percent through its 60 percent-owned subsidiary Thai Plastic and Chemical Plc.(2005/5/15 Business Day:Thailand)

HDPE 新設  → 建設

バンコックポリエチレン買収  不成立 → 再交渉

→ PTT and TOC each buy 50 per cent shares in BPE  増産を計画

       PTT & Thai Olefins acquire Bangkok Polyethylene    

NPC、エチレン生産倍増、LDPEにも進出   NPC to spend $600m for 3 projects

合弁でフェノール生産

Thai PTT secures $208 million in loans for phenol investment

Thailand's National Petrochemical Eyes Ethylene, PE Plan with PTT

PTT Board Of Directors Approves Petrochemical Business Expansion Plan As well as Purchase Of Additional Stakes In RRC

PTT & NPC forms PTT Polyethylene to build ethylene and PE plants

   PTT Polyethylene Company Ltd. Selects UNIPOL PE

2005/4 PTTs Acquisition of 31.5% Ownership Interest in TPI

2006/9 PTT Chemical acquires PTT Polyethylene and Bangkok Polyethylene

2007/7 Thai Aromatics Thailand, Rayong Refinery to merge by January 2008

2007/9 Thai Bangkok Polyethylene to double HDPE capacity by Q4 2009

      Thai PTT Chem shelves EVA plant in favor of HDPE debottlenecking


2003/3/11 Financial Times

Extra high density polyethylene and ethylene capacities in Thailand.

In Thailand, a new 250,000 tonnes/y production plant for high density polyethylene (HDPE) is being built by National Petrochemical.


(Chemnet Tokyo 2001/9/7)

三井化学、タイに技術輸出するHDPE設備の基本設計を開始
   完成後は当面の2年間に15万トンを引き取る考え

三井化学は、タイの石油化学企業「NPC(ナショナル・ペトリケミカル)」にHDPEの製造技術を供与することにしてこのほど同設備の基本設計作業を開始した。年内にも同作業を完了したい意向。


Platts 2002/7/31

Thailand's NPC engages Samsung to build PE plant by 2004

Thailand's National Petrochemical Co has signed an agreement with Samsung Engineering for the construction of a 250,000 mt/yr polyethylene plant at Map Ta Phut to be completed in 2004,

NPC had initially considered using Borealis' process technology for the PE plant, but eventually decided on Mitsui technology.


化学工業日報 2000/10/13                不成立 → 再交渉

                                   → PTT and TOC each buy 50 per cent shares in BPE

タイNPC  BPE(バンコク銀/三井物産合弁)買収  オレフィン垂直統合へ

タイの石油化学業界の再編が具体化してきた。PTT(タイ石油公社)傘下のナショナル・ペトロケミカル・コーポレーション(NPC)はこのほど、三井物産とバンコク銀行の合弁会社であるバンコックポリエチレン(BPE)を買収する方針で基本的な合意に達した。 

Major shareholders of BPE include Bangkok Bank Public Company Limited (40.7%), Mitsui Group (35%), and others (24.3%).

 


2004/3/3 中国・ASEANニュース速報

タイ国営石油、ポリエチレン社買収計画
http://www.e-plastics.gr.jp/japanese/nna_news/news/news0403_1/04030308.htm

2日付バンコクポストなどによれば、国営石油PTTは子会社の石油化学大手タイ・オレフィンズ(TOC)と組み、バンコク銀行(BBL)からバンコク・ポリエチレン(BPE)の株式を取得する計画だ。

BPEには、バン銀と創業家のソーポンパニット家が計40%、三井物産が35%出資している。2000年には、PTT傘下の石油化学大手ナショナル・ペトロケミカル(NPC)がバン銀と
株式取得の交渉を行ったが、価格面で合意にいたらなかった。


2004/3/2 Bangkok Post

Bank seeks to sell its non-core businesses

PTT Plc and its subsidiary Thai Olefins Plc (TOC) are negotiating to take over Bangkok Polyethylene Co (BPE) from Bangkok Bank and the Sophonpanich family.

Apart from Bangkok Bank(and the family, which holds a 40.23% stake in BPE), other shareholders include Mitsui Corp, with 35%; Singapore's Transpac, 13.53%; Hua Kee Group, 7.21%; and retail shareholders who hold 4.03%. BPE has registered capital of 1.7 billion baht. The plant is located in Rayong.


中国・ASEANニュース速報 2004/2/26   タイ紙

【タイ】石化大手NPC、エチレン生産2倍
http://www.e-plastics.gr.jp/japanese/nna_news/news/news0402_4/04022610.htm

国営石油PTTとNPCは24日、エチレン生産に向け合弁企業を設立する方針を発表した。エチレンは供給過剰が続いていたものの、内需拡大や好調な対中輸出により「2004年には需要と供給のバランスが取れる」(キムエン証券)見込み。市況も改善が続いており、NPCは年産を約84万トンと2倍に増やすことを決めた。PTTも設備拡張に資金を拠出する。

25日付バンコクポストによると、NPCは24日、低密度ポリエチレン(LDPE)事業に進出すると明らかにした。投資額は3億5,000万米ドル。年内に着工し、06年10〜12月期の完工を目指す。1億3,000万米ドルを投じたHDPE工場は今夏に稼働する予定。


中国・ASEANニュース速報 2004/2/26    タイ紙

【タイ】合弁でフェノール生産、国営石化4社
http://www.e-plastics.gr.jp/japanese/nna_news/news/news0402_4/04022611.htm

 石油化学大手のアロマティクス(タイランド)(ATC)は24日、親会社のPTTなど3社と共同で、フェノールとアセトンを生産すると発表した。投資額は2億米ドル、最大年産はフェノール20万トン、アセトン12万5,000トン。工場は2007年4〜6月期に完工する。事業への出資比率はPTT40%、ATC20%、ナショナル・ペトロケミカル(NPC)20%、タイ・オレフィンズ(TOC)20%。


Business Day 2004/2/25

NPC to double capacity as demand rises             他の報道    Final
http://www.bday.net/detail.asp?id=38494


Virok said NPC will increase its annual ethylene production capacity by 400,000 tonnes, and expand into downstream products, like low density polyethylene and linear low density polyethylene

Meanwhile, PTT and NPC signed an MoU yesterday to ensure the production and supply of 390,000-500,000 tonnes of ethane annually.

PTT will also study the possibility of jointly investing in NPC's plan to expand the production of ethylene and related products, PTT vice president Chitrapongse Kwangsuksith said.

Another subsidiary of PTT, The Aromatics (Thailand) Plc (ATC), announced yesterday that it too was looking to invest $200 million in another downstream project.

NPC's shareholders have already approved plans to produce 200,000 tonnes of phenol annually together with 125,000 tonnes of acetone.

The new venture will be a joint investment wherein PTT will would hold 40 percent, ATC 20 percent, NPC 20 percent and PTT subsidiary Thai Olefins Plc the remaining 20 percent.


April 14, 2004 Thai Press Reports         他の報道     Final

NPC to spend $600m for 3 projects

National Petrochemical Plc (NPC), one of the country's largest petrochemical companies, said over the weekend that it plans to spend up to
$600 million for the construction of three new plants, a move that would enable it to go head-to-head with Siam Cement Plc. which is also planning to expand capacity.

Siam Cement, the country's largest conglomerate, recently revealed a plan to build a gas-based cracker plant, an investment that could reach as much as $1.2 billion.

NPC president Viroj Mavichak, pictured right, said the three projects include a
600,000-tonne-a-year natural gas-fuelled ethylene cracker plant and two polyethylene production plants, with each having an annual production capacity of 300,000 tonnes.

Siam Cement is NPC's second largest shareholder, holding approximately 25 percent, next to PTT Plc, the country's largest oil company, which controls about 38 percent of NPC.


Petrochemical News 19 JULY 2004 (Vol. 42, No. 29)

Thailand's National Petrochemical Eyes Ethylene, PE Plan with PTT
     他の報道
http://www.petrochemical-news.com/P-V42N29.pdf

National Petrochemical Plc (NPC) of Thailand is seeking board of director approval for a joint venture with Thailand's PTT to produce ethylene and polyethylene (PE).
As proposed, the two would establish an equally-owned venture to build a
400,000-t/y ethylene cracker and a 300,000-t/y PE plant in Rayong.

 


October 13, 2004 BANGKOK POST

PTT, NPC team up to build plant

PTT Plc has formed a joint venture with affiliate National Petrochemical Plc (NPC), an olefins producer, to build an
ethylene cracker and a low-density polyethylene (LDPE) plant as part of its strategy to step up its gas-based petrochemical production and increase the value of indigenous natural gas utilisation.

Both firms signed an agreement yesterday to set up a
50-50 joint-venture company called PTT Polyethylene Co, with initial registered capital of 1.5 billion baht.

About US$444 million in investment is required to build the
ethylene cracker with a capacity of 410,000 tonnes per year and the LDPE plant with an output of 300,000 tonnes per year in Mab Ta Phut, Rayong.

About
530,000 tonnes per year of ethane from PTT's gas-separation plant in Rayong are needed for the planned cracker.

The construction work is expected to begin late next year and be completed in three years, in time to tap the anticipated upturn in ethylene demand.

PTT president Prasert Bunsumpun said local demand for LDPE grew steadily at the rate of 6% on average.

Local production of LDPE, the feedstock for the manufacturing of food and cosmetic packaging, stands at 260,000 tonnes per year. If no new plants were built, Thailand would have to import 170,000 tonnes per year of LDPE over the next five years.

Once completed, LDPE production would not only meet local demand but also be exported, said Mr Prasert.

PTT announced in August it would join Thai Olefins Plc (TOC) in taking over Bangkok Polyethylene Co (BPE), a manufacturer of high-density polyethylene (HDPE) by acquiring all of the shares from Bangkok Bank and Mitsui Group for a total of 3.4 billion baht.

PTT shares closed yesterday at 190 baht, up five baht , in trade worth 1.9 billion baht while NPC shares closed at 117 baht, up one baht, in trade worth 232 million baht.


Platts 2004/10/15

Thailand's PTT & Thai Olefins acquire Bangkok Polyethylene

The Petroleum Authority of Thailand (PTT) and Thai Olefins Co have purchased all of
Bangkok Polyethylene's shares, PTT said Friday in a statement. The Baht 3.4-bil ($82.12-mil) acquisition would give PTT and TOC equal ownsership of 50% each. BPE operates two 100,000 mt/yr HDPE plants in Map Ta Phut.
Historically, BPE has been buying ethylene feedstock from TOC and Rayong Olefins. Its new alliance and backward integration with TOC was expected to boost its cost advantage, sources said.


29 Apr 2005 PTT

PTTs Acquisition of 31.5% Ownership Interest in TPI
http://www.pttplc.com/en/ptt_core.asp?page=nc_pr_bu_detail&id=472

On April 29, 2005, PTT Public Company Limited (PTT) and the Ministry of Finance (MOF), in its capacity of an agent authorized by the Thai Petrochemical Industry Public Company Limited (TPI) Business Reorganization Plan (Plan) to select and allocate TPI shares to new qualified investors, have reached an agreement on the indicative price and major terms of the Share Purchase Agreement (SPA) under which PTT will acquire 31.5% ownership interest in TPI (diluted to 30% ownership post the issuance of ESOP shares).

Upon a successful closing of the transaction,
PTT, together with the Government Pension Fund and Government Saving Bank, will own over 50% of TPI.


The Plastic Exchange 2005/11/18

PTT Polyethylene Company Ltd. Selects UNIPOL(TM) PE; New Facilities Will Include Metallocene Technology
http://www.theplasticsexchange.com/Public/News_Template.aspx?Buffer=&Id=72562822

Univation Technologies today announced that PTT Polyethylene Company Ltd. (PTTPE), a joint venture between Thailand's PTT Public Company Ltd. (PTT) and National Petrochemical Public Company Ltd. (NPC), has selected the UNIPOL PE Process from Univation Technologies for its polyethylene plant. The new facility is planned as part of a major petrochemical expansion at its Mab Ta Phut site in Rayong, Thailand. The plant will include a UNIPOL PE line capable of producing 400,000 tons of linear low density polyethylene per year. The facility will also be the first new build plant in Southeast Asia to include Univation's well-proven metallocene catalyst technology.


2004/10/11

PTT and NPC signed shareholder agreement on petrochemical project

    Today (Oct. 11, 2004), Mr. Prasert Bunsumpun, President of PTT Public Company Limited (PTT) and Mr. Viroj Mavichak, President of National Petrochemical Public Company Limited (NPC) had entered the Shareholder Agreement for the joint establishment of PTT Polyethylene Co., Ltd which will operate the Ethylene Cracker Project and the Low Density Polyethylene (LDPE) Plant with the capacity of 410,000 tons and 300,000 tons per year respectively. The Ethylene Cracker and LDPE Plant will be located in Mab Ta Phut Industrial Estate Zone in Rayong Province. The US$444-million investment will be equally (50:50) invested by PTT and NPC which will carry a 1 : 1 debt to equity (D/E) ratio. The plant will take 530,000 tons per year of ethane as feedstock from PTT Gas Separation Plant in Rayong. The construction is expected to be completed by 2008.
       The new project operates under PTT's strategic move for the establishment of value creation through Gas Based Petrochemical. The fully utilization of natural gas also helps increase PTT's competitiveness in its petrochemical group. Meanwhile, there is continuous local demand for LDPE with the average growth of 6% per year. Currently, domestic production of LDPE is only about 260,000 tons per year which is below existing local demand. LDPE is a raw material for the production of food package, cosmetics, shockproof plastic, and etc. In the next five years (2009), Thailand is expected to import more than 170,000 tons of LDPE per annum. With the completion of Ethylene Cracker Project, supply is able to meet local demand, and enough for export as well 


Platts 2006/9/8

Thai PTT secures $208 million in loans for phenol investment


The phenol JV,
PTT Phenol Co, would be capable of producing 200,000 mt/year of phenol and 125,000 mt/year of acetone by-product in Map Ta Phut, from propylene and benzene supplied by PTT's petrochemical affiliates.
The JV is a tie up among
PTT, Aromatics (Thailand) Public Co (ATC), PTT Chemical Public Co (PTTCH) in the proportion of 40%, 30% and 30% respectively. The project's total investment cost is approximately $283.4 million.


Bangkok Post 2006/9/18

Acquisitions good for PTT Chemical    
Two firms offer downstream entry

PTT Chemical Plc will acquire majority stakes in PTT Polyethylene Co (PTTPE) and Bangkok Polyethylene Plc (BPE) at a discount of 910 million baht from the companies' value, according to an independent financial adviser for the transaction. PTT Chemical announced earlier that it would acquire 11.5 million shares, or 50%, of PTTPE and 85 million shares, or 50%, in BPE in a deal with PTT Plc, its major shareholder with a 50.1% stake.

The transaction would result in PTT Chemical holding all of the shares in both companies.

PTT Chemical was formed through the merger of PTT affiliates Thai Olefins and National Petrochemical, and began trading on the Stock Exchange of Thailand last December.


Platts 2007/7/23

Thai Aromatics Thailand, Rayong Refinery to merge by January 2008

Thailand's state-owned PTT Public Co hopes to finalize a merger of its subsidiaries
Aromatics Thailand Public Co (ATC) and Rayong Refinery Public Co by January 2008, a PTT spokesman said Monday.

PTT now has
a 49.67% stake in ATC and 48.75% share in RRC. PTT aims to have a 49.5% share in the merged company but its stake may be larger, depending on the number of shares it needs to buy back from shareholders not in favor of the merger, the source said.


Platts 2007/9/21

Thai Bangkok Polyethylene to double HDPE capacity by Q4 2009

Thailand's PTT Chemical plans to double the high density polyethylene capacity of subsidiary Bangkok Polyethylene to 500,000 mt/year through a debottlenecking project, by the fourth quarter of 2009, a company source said Friday.

The ethane cracker will be operated by
PTT Polyethylene, another PTTCH subsidiary. It will have the capacity to produce 1 million mt/year of ethylene. Of this, 700,000 mt/year will be consumed by PTT Polyethylene's two PE plants and nearly all the remaining ethylene output channeled to Bangkok Polyethylene.

Bangkok Polyethylene's
existing 250,000 mt/year HDPE plant buys ethylene from PTTCH's "I41" naphtha cracker, previously owned by Thai Olefins and formerly code named TOC No 1.


Platts 2007/9/24

Thai PTT Chem shelves EVA plant in favor of HDPE debottlenecking

Thailand's PTT Chemical has shelved an ethylene vinyl acetate investment planned for completion in 2009 in favor of a polyethylene capacity expansion, a company source said.

The EVA project was put on hold indefinitely due to
a $54 million or 37% surge in its cost to over $200 million. The cost increase would have diminished the investment's anticipated internal rate of return, making it a less attractive expenditure, the source said The company requires its chemicals projects to have an IRR rate of at least 15%.

If PTTCH had not pulled the plug on the EVA project, construction would have began by December 31, 2007, on a
100,000 mt/year plant at Map Ta Phut in Rayong province.

BANGKOK POLYETHYLENE'S HDPE CAPACITY TO BE DOUBLED