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PTT Pledges to Sustain Majority Ownership in Key Enterprises
PTT Public Company Limited (PTT) has emphasized its commitment to reducing greenhouse gas emissions through initiatives like Carbon Capture and Storage (CCS) and Hydrogen production, aiming for long-term sustainability.
Key Takeways
- PTT maintains controlling stakes in flagship companies to ensure their alignment with its overarching goals. These companies are critical to PTT’s strategic plans and achieving its objectives.
- PTT Public Company Limited emphasizes reducing greenhouse gas emissions through Carbon Capture and Storage (CCS) and Hydrogen production for long-term sustainability. The move follows a decline in stock prices for its downstream businesses.
- PTT regularly updates its strategies to stay competitive, focusing on areas of established expertise and seeking strategic partners. This includes investments across the Hydrocarbon value chain like exploration, natural gas, LNG, refining, petrochemicals, chemicals, oil and retail, and power generation.
The move came after a decline in stock prices for PTT Group’s downstream businesses, including oil refining and petrochemicals, on Wednesday. PTT underscored that it regularly reviews and updates its business strategies to remain competitive in the evolving industry landscape.
These strategies are designed to enhance competitiveness in areas where PTT has established expertise while seeking strategic partners to strengthen its operations. The PTT Group continues to invest across the entire hydrocarbon value chain, including exploration and production, natural gas, LNG, refining, petrochemicals, chemicals, oil and retail, and power generation.
Moreover, PTT reiterated its policy of maintaining controlling stakes in its flagship companies to ensure their operations align with the overarching goals of the PTT Group. These companies play a critical role in PTT’s strategic plans, and maintaining control over their direction is vital for achieving the group’s objectives.
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