Thailand based PTTGC is seeking a third party partner to develop petrochemical complex with an investment of $5.7 billion in the US. The company has already signed a deal with Japan based Marubeni and will sign with new partner in second half of the year. In this partnership PTTG will be having the majority of stake of around 51%. The remaining stake will be owned by Marubeni and third partner which are yet to be finalized. PTTGC and Pertamina are working on a $5bn olefin cracker with a capacity of 1.5 million ton. PTT Global owns a refinery with a crude and condensate refining capacity of 280,000 barrels per day.
