PTT Tank Terminal has revealed plans to plug Bt5 billion (€0.114 billion) in expanding its petrochemical tank storage, providing extra storage for feedstocks including bioplastic goods at a Thailand facility.
Its parent business, PTT, plans to invest in the company and has so far bought 240 hectares of land for the development.
At present, PTT Tank Terminal has six tanks which it stores petrochemical products such as sulphuric acid, propylene, methyl methacrylate, acrylonitrile and ammonia.
At one time, the company can store about 70,000 tonnes and over a year has enough space for 400,000 tonnes.
Recently PTT built two storage developments at two separate ports which can hold two million tonnes a year, although the company is only using one port at the moment.
Similar to PTT Tank Terminal’s recent budget, this development of the two ports was worth about Bt5 billion.