PTT Public Company Limited (SET: PTT) announced that the board of directors meeting No. 12/2565 on December 15, 2022, has approved the five-year (Year 2023 – 2027) investment plan of PTT in an aggregate amount of Baht 100,227 million.
PTT has invested in the core businesses to ensure national energy security with the key projects include Gas Separation Plant (GSP) unit 7 to replace GSP unit 1, GSP unit 8 (Liquefied Natural Gas (LNG) extraction for ethane and LPG with ethane storage and receiving facilities to enhance its ethane import capacity), Bang Pakong–South Bangkok Power Plant Transmission Pipeline project, 5thPipeline, and Electric Vehicle value chain business, Map Ta Phut Industrial Port Development Phase 3, and Laem Chabang Port Phase 3 project.
Additionally, the company has prepared provisional capital expenditure for the next 5 years amounting to Baht 302,168 million mainly for the investment expansion into new businesses to align with PTT’s vision Powering life with future energy and beyond with the focus on clean energy businesses toward a low-carbon society i.e. investment in Electric Vehicle value chain business covering from upstream to downstream, Logistic and Life Science (Pharmaceutical, Nutrition, and Medical device & Diagnostics) as well as the investment in Renewable energy to achieve PTT group’s renewable energy target of 12,000 megawatts within the year 2030.
Furthermore, there is investment in gas business which is the transition fuel with the focus on the expansion of pipeline network and the investment in LNG value chain both in Thailand and overseas.