THAI PETROCHEMICAL INDUSTRY PUBLIC LIMITED Summary Of Project Information (SPI)       Project Name    Thailand - Thai Petrochemical Industry Public Company Limited                     Region    Asia      Sector   Project No005017   Projected Board DateMarch 5, 1996   Company NameThai Petrochemical Industry Public Company Limited (TPI)   Technical Partner and/or Major Shareholders    	TPI is a listed company on the Stock Exchange of Thailand (SET).  Its major shareholders are as follows:                                           Percentage of Shares Held          Leophairatana Enterprises Co., Ltd.	               26.00   Hong Yiah Seng Real Estates and Investment Co., Ltd. 6.51   Mr. Prachai Leophairatana	                      5.09   United Grain Industry Co., Ltd.	                4.36   Mr. Pramuan Leophairatana	                      3.79   Mr. Prayad Liewphairatana	                      3.79   Mr. Prateep Leopairut	                            3.76                     Project Cost Including proposed IFC investment    	The Project Cost is estimated at US$2.0 billion.  The proposed IFC investment would consist of an A Loan of US$60 million and a B Loan of US$300 million.  The remainder of the financing required for the Project will be primarily in the form of additional equity and export credits.    Location of project and Description of site    	The Project will be located in the TPI Industrial Park at Muang Rayong District, Rayong Province, on Thailands Eastern Seaboard.    Description of Company and Purpose of Project    	The Projects objectives are to expand and diversify TPIs petrochemical production capacity in response to growing domestic and regional needs, as well as to integrate backwards to reduce production costs and assure the Company a reliable source of feedstock. The Project will establish a fully-integrated petrochemical complex consisting of a condensate splitter and feedstock preparation unit with a combined feedstock throughput of 65,000 barrels per day, a 330,000 metric tons per year (tpy) lube base oil plant, a 360,000 tpy steam cracker, and downstream polymer facilities including:  a 200,000 tpy styrene monomer plant and a 100,000 tpy polystyrene plant, as well as the expansion of TPIs existing high density polyethylene plant from 140,000 tpy to 280,000 tpy, the expansion of the acrylonitrile butadiene styrene plant from 48,000 tpy to 84,000 tpy, and the expansion of the polypropylene plant from 220,000 tpy to 250,000 tpy.  The Project will also include an investment in petroleum products distribution facilities.  The Project will employ commercially proven technologies purchased from major international suppliers.  All the Project components are expected to be completed by mid-1998.  The Project will enable TPI, a locally owned and managed company, to become an internationally competitive, integrated producer of petrochemicals/polymers.  Asia is expected to have the worlds highest growth of polymer consumption over the next decade and will remain an importer of most products.  TPIs expansion project will help satisfy a part of the regions requirements.  In addition to its direct exports, the Company will be a significant indirect exporter via the local fabricating industry which is a major employer in Thailand.  IFCs financing would be TPIs initial entry in the international syndicated loan market and is seen by the Company as a critical step to broaden its sources of long-term finance to fund its continued development.                                                                                                                                                                                                                                              Environmental Category and Issues    	This is a Category A project according to IFCs environmental review procedures.  Environmental and occupational health and safety issues associated with this Project include land use, air emissions, liquid effluents, solid wastes, hazardous material storage and disposal, spill prevention, fire and explosion safety, emergency response and employee exposure to chemical substances.  The Companys existing facilites have already implemented the necessary mitigation measures to comply with World Bank guidelines, and the expansion Project will have similar mitigation measures implemented.  The Company has engaged in the necessary public consultations.    The  are  December 29, 1995 from the Public Information Center.       Host country location of environmental documents    Department of Environmental Quality Promotion, 60/1 Soi Piboonwattana 7, Rama 6 Road, Phayathai, Bangkok 10400       Date SPI sent to PIC December 29, 1995   For Additional Information contact:  Corporate Relations Unit -   telephone: (202) 473-7711   facsimile: (202) 676-0365  Environmental documents for this project are available at http://www.ifc.org and from the World Bank InfoShop (http://www.worldbank.org/html/pic/aboutinfo.html).