What is the core objective of the joint venture between PTTGC and SCGC as stated in the news?

The core objective of the joint venture is to integrate PTTGC's and SCGC's olefin and polyolefin businesses in Thailand to establish a leading petrochemical company in Southeast Asia, leveraging Thailand’s integrated petrochemical infrastructure to enhance global competitiveness, operational efficiency through scale and feedstock advantages, high-value and differentiated downstream product development, product portfolio diversification, and overall business resilience.

What does the memorandum of understanding (MoU) between PTTGC and SCGC cover, and what is its legal status?

The MoU covers all related olefin and polyolefin assets of both companies in Thailand—including steam cracker units, polyethylene and polypropylene production facilities, and SCGC’s relevant joint venture business segments—and is explicitly described as a non-binding, preliminary agreement; the parties aim to complete a comprehensive evaluation of the joint venture project by Q3 2026, during which they will strictly comply with Thai antitrust and other applicable laws.

PTTGC and SCGC Plan Polyolefin Joint Venture

May 11, 2026

Thai petrochemical giants PTTGC and SCGC signed an MOU to merge olefin and polyolefin assets in Thailand, aiming to create a regional leader. Final evaluation is expected by Q3 2026.

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