IRPC, PTT's petrochemical subsidiary, is accelerating restructuring to navigate weak global petrochemical and refining markets. The company is diversifying into higher-margin products (specialty materials, eco-friendly coatings), reducing crude oil import dependency from the Middle East (from 70% to 30%), deploying AI and automation technologies to improve efficiency, and capitalizing on its land and utility infrastructure for data centre and commercial tank farm developments. Capital expenditure is capped at ~3 billion baht annually over three years, with debt reduction and non-core asset monetization also underway. Margins have been partially protected by higher oil-linked shipping costs in conflict-affected regions.
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