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PTT to Merge PTT Chemical and PTT Aromatics and Refining

3:09 AM MST | February 25, 2011 | Deepti Ramesh

Energy company PTT (Bangkok) has confirmed that its board of directors has approved the merger between PTT Aromatics and Refining and PTT Chemical. The merger will create a new company, which will be positioned as PTT’s petrochemical flagship with petrochemical production capacity of 8.2 million m.t./year and petroleum products capacity of 228,000 barrels/day. The merged company will be the largest integrated petrochemical and refining company in Thailand, PTT says. The merger will help create a diversified petrochemicals portfolio to withstand volatility...

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