IRPC invests in plastic pellets after petrochemical prices start to recover

 

IRPC invests in the specialty plastic pellet business Specialty in the second half of the year 65 closes 1 project deal, aiming for 2030, the proportion of special plastic pellets sales will increase to 55%, indicating that in the second half of the year, oil prices fluctuate on average USD 105, looking at petrochemical prices starting recover Ready to deliver the wood to the new CEO to continue the corporate vision towards the goal of Net Zero Emission in 2060, pushing CCS carbon sequestration technology together with PTT Group.

 

IRPC Public Company Limited (IRPC) revealed that the company focuses on expanding investment in the specialty plastic resin business Specialty by negotiating the acquisition of the Specialty business, which is expected to conclude or close the M&A deal in half. Year after 2022, at least 1 project, while this year’s investment is expected to cost approximately 9,000-10,000 million baht, including M&A, from which the investment budget has been set for 20,000 million baht, in the first half of 2022, 6,000 have been used -7,000 million baht

 

The company aims to increase the proportion of sales of specialty plastic pellets to 55% in 2030 from the current 24%. Specialty plastic pellets are confident that in the future there will be more demand in accordance with the market demand. Whether it is used to produce masks, sanitary napkins, baby diapers, prosthetic limbs, as well as penetrate the special PP compound market.      to customers in the automotive parts and electric vehicle (EV) industries in Thailand and Southeast Asia.