Thailand based integrated oil refiner (IRPC) is planning to invest USD 280 million next year to swell the production capacity of a petrochemical product and enhance its long-term earnings growth.
As per source, it will augment its polypropylene production capacity 300,000 tonnes from current levels, to 775,000 tonnes by the mid of next year.
Furthermore, IRPC is also studying the possibility of building a 200,000-barrels per day refinery and petrochemical complex in Vietnam at an estimated cost of USD12 billion, said by market players.
