According to Nikkei Asia, PTT is among businesses worth following in 2024 as the Thai oil and gas leader is diversifying to EV infrastructure.
PTT, the Thai state-owned oil and gas company, has been ranked as one of the top Asian companies to watch in 2024 by Nikkei Asia, a leading business publication in the region.
PTT has revealed its ambitious plans to invest in renewable energy, hydrogen and electric vehicles in 20024. PTT aims to become a net-zero carbon company by 2050, and has set a target of increasing its renewable energy portfolio to 30% by 2030.
PTT, a state-owned oil and gas conglomerate, is adjusting to the Thai government’s emphasis on electric vehicles and has established PTT Oil Retail (OR) to oversee both oil retailing and non-oil businesses at its extensive network of gas stations nationwide.