What is the main purpose of the MOU signed between PTTGC and SCGC?

The main purpose of the MOU is to comprehensively explore the formation of a joint venture that combines PTTGC’s and SCGC’s respective olefins and polyolefins businesses in Thailand, aiming to create a leading regional petrochemical player by leveraging greater scale, advantaged feedstock positions, and strengthened downstream capabilities in higher-value, differentiated products.

Which specific assets and business units are included in the proposed joint venture?

The proposed JV includes PTTGC’s olefins and polyolefins assets in Thailand, as well as SCGC’s olefins and polyolefins business units — specifically crackers, polyethylene (PE) and polypropylene (PP) production facilities — and relevant SCGC joint venture companies.

PTTGC, SCGC Sign MOU to Explore JV for Olefins, Polyolefins Businesses in Thailand

Apr 29, 2026

PTTGC and SCGC signed an MOU to explore merging their olefins and polyolefins businesses in Thailand to create a leading regional player. Evaluation concludes by Q3 2026 pending regulatory approval.

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