SCGC and PTTGC agree key terms for Thai petrochemical joint venture

· Lubricants & Chemicals · Thailand

SCG Chemicals (SCGC) and PTT Global Chemical (PTTGC) have agreed on key terms for a joint venture that would combine their olefins and polyolefins businesses in Thailand, according to filings to the Stock Exchange of Thailand on October 28. The move consolidates two major Thai petrochemical players into a single combined platform. Olefins and polyolefins are upstream building blocks for many chemical and lubricant-additive supply chains. The agreement on terms is a step toward completing the combination, which could reshape regional petrochemical capacity and competition.

Why it matters：Combining two major olefins and polyolefins producers could reshape Southeast Asian petrochemical capacity and affect upstream supply for chemical and lubricant-additive makers.

Key points

  • The terms were disclosed in filings to the Stock Exchange of Thailand on October 28.
  • The joint venture would combine olefins and polyolefins businesses.
  • The parties are SCG Chemicals and PTT Global Chemical.

Sources (original reporting)

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