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Monday, April 29, 2024

PTT seeks partners for future energy deals

Company looks to sustainable growth

Mr Auttapol aims to grow PTT’s businesses by partnering with new companies or acquiring additional assets. Varuth Hirunyatheb

National oil and gas conglomerate PTT Plc is negotiating with more than five companies to form joint ventures, mergers or acquire assets under a plan to further develop new businesses, notably those related to future energy.

Diversification into businesses such as renewable energy development and electric vehicles (EVs) is an essential part of PTT’s business direction, which focuses more on sustainable growth, said Auttapol Rerkpiboon, chief executive and president of PTT.

“We are interested in new businesses with high growth potential as…

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