PTT Global Chemical

SCG Chemicals and PTTGC agree key terms for Thai olefins JV

SCG Chemicals (SCGC) and PTT Global Chemical (PTTGC) have agreed key terms, including shareholding structure, to combine their olefin and polyolefin businesses in Thailand into a joint venture. The companies plan to launch the JV in the second half of 2027, following a period of study into the tie-up.

Why this mattersA combined SCGC-PTTGC venture would merge two Thai olefin and polyolefin businesses into one supplier, changing the counterparty for packaging converters buying resin from either.

• SCG Chemicals and PTT Global Chemical have reached agreement on key terms for a joint venture.
• The JV would combine the two companies' olefin and polyolefin businesses in Thailand.
• Terms agreed include the shareholding structure and transaction details.
• The joint venture is planned to be formed in the second half of 2027.

Relevant to you? Yes No