BANGKOK -- PTT Global Chemical, an arm of Thai energy major PTT Group, has set aside $5 billion for its next five-year investment, of which around 80% will be spent on a petrochemical complex in the U.S. and acquisitions.
Chief Executive Kongkrapan Intarajang said the company is on track to make a final decision on the U.S. project by mid-2020. The process is moving as planned, including approval from U.S. authorities, environmental assessments and the choice of a construction company, the CEO said.
