PTT Corporation Remains Top Thailand Firm, Ranking Second in Southeast Asia for Two Years Straight According to Fortune Magazine's Listing
PTT Shines Again: Top Dog in Thailand, Second in Southeast Asia
For the second year in a row, PTT Public Company Limited (PTT) has claimed the number one spot in Thailand and the number two position in the Southeast Asia region in the Fortune Southeast Asia 500. This stellar performance showcases PTT's commitment to sustainability and balance, as outlined in their vision "TOGETHER FOR SUSTAINABLE THAILAND, SUSTAINABLE WORLD" and mission to strengthen Thailand's energy security, foster growth, and reduce greenhouse gas emissions.
In an official statement, Dr. Kongkrapan Intarajang, CEO and President of PTT Public Company Limited, shared his pride in the company's ability to excel amidst challenging global energy scenarios and a looming recession. He emphasized that PTT's strategic path is well-aligned with navigating external factors and maintaining flexibility in the face of adversity.
PTT's strategy primarily focuses on their core Hydrocarbon business. They are committed to exploring and producing new energy sources for the country, with strong international growth in their petroleum sector. The company is also making significant strides in the liquefied natural gas (LNG) business, aiming to become a prominent regional LNG trading hub. They are enhancing the competitiveness of their petrochemical and refining businesses while carefully adjusting their Non-Hydrocarbon business portfolio.
Moreover, PTT is actively pursuing ways to reduce greenhouse gas emissions, aiming for Net Zero by 2050. Efforts to achieve this include the study of Carbon Capture and Storage (CCS) technology, the development of a CCS Hub Model for reduced emissions in PTT's operations and the domestic industry with regional expansion in mind, and the exploration of opportunities in the hydrogen business for the industrial sector.
Additionally, PTT is accelerating efforts to boost operational excellence and create value through collaborative key projects. They are leveraging digital technology and artificial intelligence to enhance operational efficiency and increase profitability. Financial discipline and efficient liquidity management are also essential components of their strategy.
Fortune Magazine, a globally respected business publication, launched the Fortune Southeast Asia 500 in 2024 to highlight success stories, trends, and the direction of businesses in the region. The ranking serves as a benchmark for market expansion and a driving force for stronger global economic growth.
TAGS- PTT- Fortune Southeast Asia 500- Southeast Asia- Sustainability- energy
- Despite the ongoing global challenges in energy scenarios and economic recession, PTT's strategic focus on international technology, such as Carbon Capture and Storage (CCS) and hydrogen business, positions them as a significant player in the global energy market.
- PTT's commitment to reducing greenhouse gas emissions and achieving Net Zero by 2050 extends to various sectors, including tourism, as they explore opportunities to promote eco-friendly travel and contribute to Thailand's overall sustainability.
- In the realm of politics and economics, PTT's vision for a sustainable Thailand aligns with regional development initiatives, positioning them as a catalyst for stronger business growth and economic stability within Southeast Asia.
- As PTT continues to excel in the sports sector, sponsoring various local and international events, their presence serves as a powerful symbol of the company's commitment to a balanced approach, weathering adversity while driving change and progress.
