PTTGC unveils new growth plan, advancing into specialty and green & bio, driving Map Ta Phut

EarningsCorporate Action
โดย Kaohoon·TH·Read original
Summary · why it matters

PTTGC has revealed its new business direction, focusing on strengthening its petrochemical operations while accelerating expansion into specialty chemicals and green & bio to build a high-value, low-carbon portfolio. In the second quarter of 2026, the company posted adjusted EBITDA of 26.93 billion baht, an 81 percent increase from the previous quarter, and net profit of 12.21 billion baht. For the first half, adjusted EBITDA stood at 41.78 billion baht and net profit at 15.44 billion baht. Chief Executive Officer Narongsak Jivakanun said the company has laid a foundation based on an integrated business structure and feedstock flexibility to cope with future volatility. PTTGC aims to shift its portfolio mix between commodity and specialty businesses from roughly 80:20 to 70:30 by 2030, while targeting an additional EBITDA uplift of 300 million US dollars per year by the same year. In addition, allnex, a group company, has announced an expansion of its sagging control agent production capacity at Map Ta Phut, which will be its first production base outside Europe, and is also pressing ahead with expanding production bases in China and India. Meanwhile, the green & bio business has progressed to actual investments, such as the PLA bioplastics plant of NatureWorks at the Nakhon Sawan Biocomplex, and ENVICCO, Thailand's first producer of high-quality recycled plastic pellets, which is now running at full capacity.

Impact on stocks 1

Materials▲ · 1 stocks

Theme Impact 1

Off-coverage companies 3

AllnexPrivate▲ Positive
Supplyrelevance

Expanding sagging control agent production capacity at Map Ta Phut, first base outside Europe.

NatureWorks LLCPrivate▲ Positive
Capitalrelevance

PLA bioplastics plant at Nakhon Sawan Biocomplex progressing to actual investments.

ENVICCO LimitedPrivate▲ Positive
Demandrelevance

ENVICCO, Thailand's first high-quality recycled plastic pellets producer, running at full capacity.

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