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.
This article is older than 60 days, which we reserve for our premium members only.You can subscribe to our premium member subscription, here.