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TPX and Mitsui Forming Joint Venture For Linear Alkyl Benzene in Thailand:: 16 Jul 2013 :: Bangkok - Thai Oil on 11 July notified the Stock Exchange of Thailand that its wholly-owned Thai Paraxylene Co. (TPX) is setting up a joint venture with Mitsui & Co. to produce and distribute linear alkyl benzene (LAB) in Thailand. Formation of the new venture, named Labix Co. Ltd., is expected to be completed during July 2013. It will be owned 75% by TPX and 25% by Mitsui. Labix plans to build a 100,000-t/y LAB plant that is due to begin commercial output in the second quarter of 2015. Thai Oil last year announced plans to build a $300-million, 100,000-t/y LAB facility in Chon Buri’s Si Racha district of Thailand. |
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