China · Nation Thailand
GC-SCGC plan petrochemical venture to counter China’s oversupply
Compiled by KHAO Editorial — aggregated from 1 outlet. See llms.txt for citation guidance.
◌ Single Source
PTT Global Chemical (GC) and SCG Chemicals (SCGC) plan to seek Thai competition approval in the first half of 2027 for a joint venture combining petrochemical assets worth 180 billion baht. The companies announced their proposed combination of Thai o
Key facts
- SCGC contributes strengths in products with higher added value, technology and innovation. Its integrated i2P Center (Ideas to Products) works with customers to turn market needs and ideas into commercial products suited to practical applications.
- The GC-SCGC venture would have annual olefins capacity of 7.1 million tonnes
- SCGC: Olefins plants operated by Rayong Olefins (ROC) and Map Ta Phut Olefins (MOC); polyethylene facilities under Thai Polyethylene (TPE); and investment stakes in Siam Polyethylene (SPE), Siam Synthetic Latex (SSLC), Bangkok Synthetics (BST) and Thai MMA (TMMA).
- GC would contribute assets worth 100 billion baht, including 3.7 million tonnes a year of olefins capacity, for a 56% controlling stake
- SCGC would contribute 80 billion baht of assets and hold the remaining 44%.
- GC and SCGC expect annual operating benefits of US$150–200 million, or approximately 5–7 billion baht
Summary
The GC-SCGC venture would have annual olefins capacity of 7.1 million tonnes. The partners aim to rank among the world’s 10 largest polyolefins producers and first in ASEAN by production capacity, while strengthening Thailand’s position against expanding Chinese supply.
GC would contribute assets worth 100 billion baht, including 3.7 million tonnes a year of olefins capacity, for a 56% controlling stake. SCGC would contribute 80 billion baht of assets and hold the remaining 44%.