PTT Global Chemical Public Company Limited (SET: PTTGC) revealed that the revenue outlook for 2026 is expected to grow from the previous year as the company has no plans for maintenance shutdowns of either the refinery or petrochemical plants, resulting in a higher sales volume.
Meanwhile, the feedstock, specifically ethane received from PTT Public Company Limited (SET: PTT), will increase this year, leading to better overall performance in 2026.
For 2026, the company expects refinery production volume to increase by approximately 16% compared to the previous year, while petrochemical production volume is expected to rise by 8% year-on-year due to the absence of shutdowns at the refinery and aromatics plants. For raw materials, ethane is expected to reach 1.9 million tons this year, up from 1.8 million tons last year.
PTTGC targets cost reduction this year at THB 4 billion by focusing on cost management. The company also expects to record a profit from the sale of Tank assets and a logistics station valued at THB 2.3 billion, as well as anticipate that the remaining asset monetization transactions, not exceeding THB 20 billion, will be completed this year.
Additionally, the company expects the transfer of shares of the Vencorex group in the United States and Thailand to buyers to be completed within 2Q26, postponed from the initial expectation of 1Q26.
For investment plans over the next 5 years (2026–2030), the company has set a total investment budget of $553 million or about THB 17 billion. The majority will be allocated to investments in Allnex, about $388 million. Meanwhile, roughly $110 million will be invested in the Olefins Feedstock Security Enhancement project, and an additional $55 million for the company and its subsidiaries (excluding Allnex).
Regarding project progress, the Olefins Feedstock Security Enhancement (OFS) is one of the major key milestones, aimed at securing ethane feedstock from the U.S. to enhance feedstock security and competitiveness for its olefins business. This project aligns with the company’s strategy, and it is expected to start ethane imports and commence commercial operations in 2029.
