Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Thailand
  4. Stock Exchange of Thailand
  5. PTT Global Chemical Public Company Limited
  6. News
  7. Summary
    PTTGC   TH1074010006

PTT GLOBAL CHEMICAL PUBLIC COMPANY LIMITED

(PTTGC)
  Report
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

PTT Global Chemical Public : Thai PTT Global Chemical plans $22 bln investment by 2050 to decarbonise

10/21/2021 | 01:39am EST

BANGKOK, Oct 21 (Reuters) - Thai chemical firm, PTT Global Chemical Pcl on Thursday said it plans to invest over $22 billion in the next three decades to achieve net zero carbon emissions by 2050.

"We will invest $5 billion to directly reduce greenhouse gases and $17 billion in restructuring the business," chief executive Kongkrapan Intarajang said at a news conference.

This will include efficiency improvements, energy storage, and carbon capture technology, he said.

New businesses in our portfolio will be low-carbon, like performance and speciality chemicals, he said, adding the company will grow around 4% over the next five to six years.

In July, it bought German https://www.reuters.com/article/us-allnex-m-a-pttgc-idUSKBN2EI0L0 coating resins maker Allnex for $4.75 billion, but the rate of carbon emission to growth came down because it was a low-carbon business.

This year PTTGC, a unit of the state-owned PTT Pcl, released about 8 million tonnes of greenhouse gas (GHG) and CO2 equivalents and will reach a peak of 9.1 million tonnes in 2025.

"There will be a 20% reduction of emissions in 2030 and net zero by 2050," said Kongkrapan.

(Reporting by Chayut Setboonsarng; Editing by Martin Petty)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
PTT GLOBAL CHEMICAL PUBLIC COMPANY LIMITED 0.43% 57.75 End-of-day quote.-1.28%
PTT PUBLIC COMPANY LIMITED -1.34% 36.75 End-of-day quote.-13.53%
All news about PTT GLOBAL CHEMICAL PUBLIC COMPANY LIMITED
11/29PTT GLOBAL CHEMICAL PUBLIC : น้ำมันหอũ..
PU
11/22PTT GLOBAL CHEMICAL PUBLIC : Opportunity Day - Q3/21 Operating Results
PU
11/22PTT GLOBAL CHEMICAL PUBLIC : SET Digital Roadshow
PU
11/22PTT GLOBAL CHEMICAL PUBLIC : Appointment of Directors and Sub-Committee Members
PU
11/22PTT Global Chemical Public Company Limited Announces Appointment of Directors and Sub-C..
CI
11/19PTT GLOBAL CHEMICAL PUBLIC : Analyst Meeting Presentation - Q3/21 Operating Results
PU
11/19PTT GLOBAL CHEMICAL PUBLIC : GC s decarbonization pathways
PU
11/11GC FIT : Enhancing the Workforce Capabilities for Digital Age
PU
11/10PTT Global Chemical Public Company Limited Reports Earnings Results for the Nine Months..
CI
11/10WHITEOLET CAFÉ : Creating Sustainable Job for strong community
PU
More news
Analyst Recommendations on PTT GLOBAL CHEMICAL PUBLIC COMPANY LIMITED
More recommendations
Financials
Sales 2021 449 B 13 326 M 13 326 M
Net income 2021 43 283 M 1 285 M 1 285 M
Net Debt 2021 156 B 4 639 M 4 639 M
P/E ratio 2021 6,05x
Yield 2021 6,52%
Capitalization 260 B 7 694 M 7 731 M
EV / Sales 2021 0,93x
EV / Sales 2022 0,77x
Nbr of Employees 6 925
Free-Float 45,9%
Chart PTT GLOBAL CHEMICAL PUBLIC COMPANY LIMITED
Duration : Period :
PTT Global Chemical Public Company Limited Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends PTT GLOBAL CHEMICAL PUBLIC COMPANY LIMITED
Short TermMid-TermLong Term
TrendsBearishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 21
Last Close Price 57,75 THB
Average target price 74,58 THB
Spread / Average Target 29,1%
EPS Revisions
Managers and Directors
Kongkrapan Intarajang Chief Executive Officer, Secretary & Director
Patiparn Sukorndhaman President & COO-Downstream Petrochemical Business
Thitipong Jurapornsiridee Executive Vice President-Finance & Accounting
Piyasvasti Amranand Chairman
Jeeranee Pimthanothai Senior VP-Technical Engineering and Maintenance