SUBSCRIBERS

PTTGC to spend up to US$1.3 billion by 2030 to improve efficiency through decarbonisation

Some US$22b in capital expenditure has also been earmarked for PTTGC's portfolio adjustment strategy over next 30 years

Uma Devi

Published Sat, Jan 1, 2022 · 05:50 AM

Singapore

THAI chemical company PTT Global Chemical (PTTGC) is aiming to spend US$1 billion to US$1.3 billion to improve efficiency and cut greenhouse gas emissions by 20 per cent by 2030, chief executive Kongkrapan Intarajang told The Business Times in a recent interview.

Some US$22 billion in capital expenditure has also been earmarked for PTTGC's portfolio adjustment strategy over the next 30 years. The company is striving towards net zero greenhouse gas emissions by 2050.