Thai PTT Asahi Chemical to cease operations on 1 January 2025
Jonathan Yee
15-Nov-2024
SINGAPORE (ICIS)–PTT Asahi Chemical will cease operations from 1 January 2025, according to the company’s parent firms – Thailand’s PTT Global Chemical (PTTGC) and Japan’s Asahi Kasei on Friday.
It operates a 200,000 tonne/year propane-based acrylonitrile (ACN) plant; a 70,000 tonne/year methyl methacrylate (MMA) plant; and a 60,000 tonne/year acetone cyanohydrin unit in Map Ta Phut, Thailand, according to ICIS data.
A business withdrawal plan for the 50:50 joint venture company was approved by shareholders on Friday, PTTGC said in a bourse filing.
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