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PTT Global Chemical

PTT Global Chemical (Thai: บริษัท พีทีที โกลบอล เคมิคอล จำกัด (มหาชน)), also known as PTTGC, is a petrochemical company that specializes in synthesizing olefins and aromatics. It was founded in 2011 and is a subsidiary of PTT Public Company Limited.

It was listed on the top 10 Dow Jones Sustainability Indices (DJSI) for two consecutive years and is ranked 19th on the ICIS Top 100 Chemical Companies listing.

PTTGC owns and operates production support facilities, such as jetty and buffer tank farm services for liquid chemical, oil and gas. Minor activities are production and distribution of electricity, water, steam and other utilities.

In 2014, PTTGC Netherlands, a subsidiary of PTTGC, acquired part of French oil company Vencorex, totaling their stake in the company to 85%. This acquisition was completed to improve the production of Toluene diisocyanate (TDI) and Hexamethylene diisocyanate, along with their derivatives. These chemicals are used as feed stock in manufacturing polyurethanes, commonly used in foams and coatings for the automobile and construction industries.

The company operates in 8 business areas: Group Performance Center – Refinery and Shared Facilities; Group Performance Center – Aromatics; Group Performance Center – Olefins; Polymers Business Unit; EO-Based Performance Business Unit; Green Chemicals Business Unit; Phenol Business Unit; Performance Materials & Chemical Business Unit.

PTTGC owns and operates a refinery equipped with hydrocracker and visbreaker units, capable of converting low-value fuel oil to more valuable middle-distillate products. Its average refining capacity stands at 145,000 barrels per day of crude and 135,000 barrels per day of condensate.

PTTGC produces and distributes aromatics products, namely paraxylene, benzene, orthoxylene, mixed xylene, toluene, and cyclohexane. These products are used as feedstock in various industrial processes.

Aside from these products, PTTGC's aromatics plants yield multiple by-products, including liquefied petroleum gas (LPG), light naphtha, heavy aromatics, and condensate residue. LPG and light naphtha are used as feedstock in their olefins plants, while heavy aromatics and condensate residue are used as feedstock in the refinery to produce jet fuel, diesel, and fuel oil.

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