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Gulf Energy Development Public Company Limited (GULF) has announced that on January 3, 2020, the company has invested in Hin Kong Power Holding Company Limited (HKH), which is a subsidiary of RATCH Group Public Company Limited (RATCH), and is a holding company of Hin Kong Power Company Limited (HKP), to develop and operate Hin Kong Power Project with a capacity of 1,400 megawatts, located in Hin Kong subdistrict, Mueang district, Ratchaburi province (Hin Kong Power Project).
For Aromatics products spread, Benzene over Condensate spread increased was supported by strong demand from downstream product Styrene monomer which performed at high utilization rate along with the continuously decline of Benzene inventory level in China, while Paraxylene (FECP) over Condensate spread declined as market concerned on new capacities coming into the market, even though there is favorable demand from downstream business which performed at high utilization rate.
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