Thai State Energy Group PTT Seeks Partners for Petrochemical, Refining Units
- Minority stakes in PTT Global Chemical, Thai Oil are for sale
- Investors should bring technology and expertise, PTT CEO says
This article is for subscribers only.
PTT Pcl, Thailand’s state-controlled energy conglomerate, is seeking new partners to provide expertise and funding for some of its petrochemical and refinery units, according to Chief Executive Officer Kongkrapan Intarajang.
PTT Global Chemical Pcl, Thai Oil Pcl and IRPC Pcl are among the exchange-traded companies PTT is talking to potential investors about, he told a press briefing. Bringing in fresh ideas and capital will help PTT and its units, as there is currently fierce competition and difficult market conditions in industries such as chemicals and refining, he said.