PTT Gears up 5 Year Investment, Ensuring Energy Security and Public Well-Being

Event Calendar Press Releases Friday January 17, 2020 09:01
Bangkok--17 Jan--PTT

Mr. Chansin Treenuchagron, President & Chief Executive Officer, PTT Public Company Limited has revealed a resolution of the PTT Board of Director on January 16, 2020 to endorse the company's 2020 – 2024 capital investment expenditure plan valued at 180.814 Billion Baht under the sustainable management framework to balance 3Ps; People, Planet, and Prosperity. This five-year investment figure excluded the company's long-term provision.

For upstream petroleum and gas business group, PTT is still focusing on the 5th Natural Gas Transmission Pipeline Project, LNG Receiving Terminal Project, and the maintenance of Gas Separation Plant. For PTT's downstream petroleum business group, the company will aim at strengthening collaboration across PTT Group's hydrocarbon business to maximize its productivity and add more value to the business. Furthermore, the company will push for the circular economy.

PTT has prepared five-year provisional capital expenditure worth at 203.583 Billion Baht to enhance collaboration among PTT Group, for example, LNG Value Chain, Gas to Power Project, and new energy-related businesses, following the country's development strategy, changing trends of consumers' behavior and technology, and clean energy trend.

PTT will emphasis on innovation to utilize technology such as renewable energy, energy storage, electric vehicle, as well as the projects facilitating the national economic growth such as the smart city project in Eastern Economic Corridor (EEC).

For the corporate social responsibility, PTT has underlined Social Enterprise, aiming to empower underprivileged people. In 2020, Cafe Amazon for Chance plans to expand its branches from six to nine. PTT will join with Ratchasuda College, Mahidol University to provide bakery-training courses for underprivileged people, working at Baker for Chance shops. For the health promotion, PTT has launched SAI JAI Station at PTT Station, applying digital technology to promote public health. In the part of environment and natural resources conservation, PTT intends to reduce greenhouse gas emission across its production process, increase green areas across the country, and create public awareness on natural resources conservation.

PTT's business and capital expenditure plan aligns with the future business expansion and responses to its mission to create energy security and strengthen the national economy as well as taking responsibility to local community, society and natural resources.

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