PTT Plc to develop biochemical products over the next five years in Thailand

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Asia is the new center of gravity of the world bioeconomy. Thailand’s largest energy company, PTT Pcl, plans to invest about 40 billion baht (approximately 1 bln euro) to develop biochemical products over the next five years.

The move will help Thailand become a centre for the bioplastic industry in the Asia Pacific region, Chansin Treenuchagron, senior executive vice president for PTT’s petrochemical unit, said, adding that biochemicals are expected to contribute about 2 percent of PTT’s revenue by 2020.

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