PLUS Exploration, a major player in Thailand’s oil & gas and petrochemical sectors, has teamed up with Chinese investors to establish Thailand’s inaugural base metal production plant from spent catalysts. Led by CEO Mr. Sittichai Talapnak, PLUS Exploration brings over 15 years of industry experience to the table.
The joint venture, backed by an investment exceeding 1 billion baht, marks a significant collaboration between PLUS Exploration and three Chinese companies with expertise in metal extraction. The aim is to leverage spent catalysts primarily sourced from the oil refining and petrochemical industries to produce essential base metals.
This venture aligns with Thailand’s national development goals, aiming to reduce metal imports and create additional export value. Moreover, the proposed factory, slated for construction in the Eastern Economic Corridor (EEC) area, is poised to fuel expansion in oil refining, petrochemical, and heavy industries.
The initiative underscores a commitment to the principles of the circular economy, emphasizing efficient resource utilization and waste management. Equipped with modern, environmentally friendly technology, the factory is scheduled to commence operations in 2025, promising to transform Thailand’s industrial landscape.
