Reference
·Primary source
Thailand chemical recycling revenue (THB billion, 2024-2028)
~THB 18B base 2027
Thai chemical-recycling revenue is modelled to step from approximately THB 0.7 billion in 2024 to THB 18 billion in the 2027 base case, with a THB 14-22 billion bull-to-bear range. The trajectory aggregates IRPC Rayong pyrolysis pilot at 1 kt per year (commissioned Q4 2024), SCG GO Green Chemicals Map Ta Phut at 12 kt per year (planned 2026 commissioning), PTTGC at 15 kt per year by 2027, Bangchak BSRC at 10 kt per year (FID Q1 2026) and the Indorama Ventures depolymerisation track at Nakhon Pathom plus Rayong. PCD Producer Responsibility Order effective Q1 2027 plus EU CBAM Phase 2 plus brand-owner recycled-content commitments underwrite the demand side.
Figure in context
Thai chemical-recycling revenue is modelled to step from approximately THB 0.7 billion in 2024 to THB 18 billion in the 2027 base case, with a THB 14-22 billion bull-to-bear range. The trajectory aggregates IRPC Rayong pyrolysis pilot at 1 kt per year (commissioned Q4 2024), SCG GO Green Chemicals Map Ta Phut at 12 kt per year (planned 2026 commissioning), PTTGC at 15 kt per year by 2027, Bangchak BSRC at 10 kt per year (FID Q1 2026) and the Indorama Ventures depolymerisation track at Nakhon Pathom plus Rayong. PCD Producer Responsibility Order effective Q1 2027 plus EU CBAM Phase 2 plus brand-owner recycled-content commitments underwrite the demand side.
Interpretation notes
What this tells you
Thai chemical-recycling revenue is modelled to step from approximately THB 0.7 billion in 2024 to THB 18 billion in the 2027 base case, with a THB 14-22 billion bull-to-bear range. The trajectory aggregates IRPC Rayong pyrolysis pilot at 1 kt per year (commissioned Q4 2024), SCG GO Green Chemicals Map Ta Phut at 12 kt per year (planned 2026 commissioning), PTTGC at 15 kt per year by 2027, Bangchak BSRC at 10 kt per year (FID Q1 2026) and the Indorama Ventures depolymerisation track at Nakhon Pathom plus Rayong. PCD Producer Responsibility Order effective Q1 2027 plus EU CBAM Phase 2 plus brand-owner recycled-content commitments underwrite the demand side.
What not to do with it
Values in THB billion revenue. 2027 figure is the base case midpoint of the THB 14-22B band; bull case at THB 22B, bear at THB 14B.
Related figures
Adjacent numbers that add context without drowning the value.
Thailand plastic waste generation (2024 baseline)
Pollution Control Department, SCB EIC Thailand plastic waste outlook January 2026, TIPMSE PRO Thailand coalition
Thailand chemical recycling technology mix (2027 modelled)
IRPC, SCG, PTTGC, Bangchak, Indorama Ventures, Energy Absolute, Banpu, BASF ChemCycling, ISCC PLUS
Thailand installed pyrolysis nameplate capacity (kt per year, 2027)
IRPC, SCG Chemicals, PTT Global Chemical, Bangchak, BSRC, Banpu, Energy Absolute, BOI Section 8 promoted projects queue
Thailand pyrolysis capex per kilotonne (USD million)
SCG Chemicals, PTT Global Chemical, Bangchak, IRPC, Indorama Ventures, EPC tender summaries, BOI promoted projects filings
Thailand mass-balance recycled polymer ASP (USD per MT, 2027 base)
IRPC, SCG, PTTGC, Indorama Ventures, BASF ChemCycling, ISCC PLUS, Coca-Cola, Unilever, EU CBAM Phase 2 legislative acts
Thailand chemical recycling operator concentration (2027 share)
IRPC, SCG, PTTGC, BCP, BSRC, IVL, EA, Banpu, BASF, TIPMSE, BOI promoted projects
Report context
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