PTT PCL's Strategic Vision for Sustainable Growth and Hydrogen Promotion in Thailand
Key Ideas
- PTT PCL's new CEO, Kongkrapan Intarajang, aims to lead the company towards sustainable growth by aligning with global trends and the promotion of hydrogen use in Thailand.
- The company's 5-year investment plan (2025-2029) of 89 billion baht focuses on balancing economic, social, environmental, and governance aspects for sustainable profits and beneficial investments.
- PTT is actively investing in hydrogen sources abroad and is prepared to integrate hydrogen into natural gas pipelines in Thailand to contribute to the country's Net Zero emissions goal by 2065.
- To enhance internal operations and efficiency, PTT plans to implement technology, digitalization, AI, and lean organization practices, fostering adaptability and readiness for sustainable growth.
PTT PCL, a state-owned enterprise in Thailand, is undergoing strategic changes under the leadership of its new CEO, Kongkrapan Intarajang. The company is focusing on a new 5-year investment plan (2025-2029) that aligns with the national policy promoting hydrogen use to help achieve Thailand's Net Zero target. Kongkrapan unveiled PTT's vision of balanced sustainability, emphasizing the importance of economic, social, environmental, and governance considerations. The plan includes an 89 billion baht budget and aims for transparency and good governance in all operations.
PTT's strategy involves evaluating underperforming businesses, expanding successful ventures, and aligning with global trends while focusing on sustainable growth. The company will play a significant role in promoting hydrogen fuel and carbon capture and storage technologies to reduce carbon emissions. PTT is investing in hydrogen sources abroad and is prepared to integrate hydrogen into natural gas pipelines in Thailand.
Additionally, PTT plans to enhance internal operations through technology, digitalization, and AI adoption. The company aims to cultivate a culture of adaptability and readiness for sustainable growth. Despite global oil market volatility, PTT is committed to managing costs to maintain reasonable prices for the public and support biodiesel producers to benefit farmers.
Furthermore, PTT is participating in exploring overlapping maritime areas between Thailand and Cambodia to ensure national energy security. The company's approach aligns with government policies, focusing on balanced energy security, profitability, and social and environmental considerations. Kongkrapan's leadership emphasizes building confidence through transparency, corporate governance, and collaboration within the organization to achieve sustainable growth.