National oil and gas conglomerate PTT Group has acquired a 15.38% share in PT Chandra Asri Petrochemical Tbk (CAP), Indonesia's largest petrochemical producer, for US$1.183 billion (39.1 billion baht) to tap into the growing petrochemical market in Southeast Asia.
PTT forms unit for EV services
published : 24 Jul 2021 at 04:00 G-Box, an energy storage system that works in tandem with EV charging outlets, is part of PTT s EV infrastructure development projects.
National oil and gas conglomerate PTT Group continues to strengthen its presence in the electric vehicle (EV) industry by establishing a new subsidiary EVME Plus Co to operate a range of services from EV rental to charging and maintenance.
The establishment was announced days after its power generation arm, Global Power Synergy Plc (GPSC), opened a battery factory in Rayong, the first semi-solid battery production facility in Southeast Asia, on July 19.
PTT Group to scale battery production
GPSC factory will help EV sector grow
published : 20 Jul 2021 at 05:59 A battery production plant marks a significant step for GPSC to tap into the energy storage business.
National oil and gas conglomerate PTT Group is aiming to scale its battery production capacity to a gigawatt-hour level after opening a factory in Rayong, the first semi-solid battery production facility in Southeast Asia.
PTT runs the battery business through its power generation arm, Global Power Synergy Plc (GPSC), which on Monday held an opening ceremony online, presided over by Prime Minister Prayut Chan-o-cha.
The 1.1-billion-baht factory, located in the Map Ta Phut area, currently has a capacity of 30-megawatt hours. It will produce batteries, named G Cell , to serve electric vehicles (EVs) like tuk-tuks, buses and motorcycles used for the delivery of goods, said Worawat Pitayasiri, GPSC president and chief
Equities steady as Fed calms inflation jitters
published : 17 Jul 2021 at 04:00
Recap: The MSCI World Index held its ground yesterday despite some modest dips in Asia, while European shares opened higher. Equity investors were heartened by Federal Reserve statements that calmed worries about inflation.
The SET index moved in a range of 1,544.71 and 1,580.43 points this week before closing yesterday at 1,574.37, up 1.44% from a week ago, in daily turnover averaging 77.39 billion baht.
Institutional investors were net buyers of 1.91 billion baht and brokerages purchased 528.45 million worth of shares. Foreign investors were net sellers of 2.4 billion and retail investors offloaded 33.85 million baht worth of shares.
Global Power Synergy Plc (GPSC), a power generation arm of national oil and gas conglomerate PTT Group, continues to expand its renewable energy business by spending US$500 million (16.3 billion baht) to acquire a 25% share in the Changfang and Xidao (CFXD) offshore wind farm projects in Taiwan.
The move marks GPSC s first investment in an offshore wind project, which will allow the company to expand its expertise in advanced construction technology as well as innovative wind turbine technology.
The share purchase agreement was signed online yesterday between GPSC-owned subsidiary, Global Renewable Synergy Co, and offshore wind farm developer Copenhagen Infrastructure Partners, which represents the Copenhagen Infrastructure II K/S (CI-II) and Copenhagen Infrastructure III K/S (CI-III) funds.