(EnergyAsia, March 1 2010, Monday) — The Thai government has estimated that a court order halting 65 oil, petrochemical and manufacturing projects in the Map Ta Phut industrial complex will cause 600 billion baht in job and revenue losses. (US$1=32 baht)
In a trial in which companies have been accused of failing to comply with requirements for environmental and health impact studies, the country’s Supreme Administrative Court ruled that construction on only 11 of 76 projects can proceed.
Suspension of 65 projects, including work on several oil and petrochemical plants, will slow down the country’s economic growth with the Bank of Thailand estimating gross domestic output this year could be lower by 0.5% from a one-year delay in investments.
Officials from the industry ministry believe that they can make a case for 19 of the projects to proceed including PTT’s sixth gas separation plant, and a few petrochemicals projects by PTT Chemical and Siam Cement.