PTTGC inks pact with Sinochem | Bangkok Post: business

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PTTGC inks pact with Sinochem

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  • Newspaper section: Business
  • Writer: Yuthana Praiwan & Nareerat Wiriyapong
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PTT Global Chemical Plc (PTTGC), Thailand's largest petrochemical producer, formed a partnership with Sinochem Group, one of China's giant state-owned oil companies, to explore joint investments in China and overseas. 

PTTGC chief executive Anon Sirisaengtaksin (right) exchanges the memorandum signed with Pan Zhengyi, vice-president for chemical business at Sinochem Group (left), witnessed by Thai Energy Minister Pongsak Raktapongpaisal. APICHIT JINAKUL

Under a memorandum of understanding (MoU) signed on Monday, PTTGC and Sinochem will jointly explore opportunities for collaboration in sales and marketing as well as potential investments in specialty chemicals and petrochemical projects. The venture aims to harness the advantages both firms bring along the value chain, covering other strategic locations beyond China.

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