IRPC mulls US$1 billion expansion project

Thai refiner and petrochemical producer IRPC is looking at investing US$1 billion to expand refining capacity in Rayong and improve refined product quality over the next three to five years, said Chief Planning Officer Suphon Tubtimcharoon. The project, which is expected to be completed around 2010-2011, will raise the company’s refining capacity by 45,000 barrels per day (bpd) to 260,000 bpd, Suphon said. (July 15, 2008)