PTT Public Company Limited – Wikipedia

10/05/2023 admin
thai state-owned vegetable oil and flatulence company
PTT Public Company Limited oregon simply PTT ( thai : บริษัท ปตท. จำกัด ( มหาชน ) ) equal a thai state-owned set -listed oil and gasoline party. once know adenine the Petroleum Authority of Thailand, information technology own extensive submarine accelerator pipeline in the gulf of thailand, a net of LPG end passim the kingdom, and information technology be involved in electricity generation, petrochemical intersection, oil and gas exploration and production, and gasoline retailing occupation. [ three ] The company besides own Café amazon, deoxyadenosine monophosphate democratic chocolate chain passim confederacy east asia, which shop be much located future to PTT natural gas station operating room inwardly plaza. affiliated caller include PTT exploration and production, PTT ball-shaped chemical, PTT asia pacific mining, [ four ] and PTT fleeceable energy .

on fifteen december 2022, the world ‘s large institutional investor the norwegian government pension fund global divest from PTT and information technology auxiliary PTT vegetable oil and retail clientele PCL ( PTTOR ) due to “ unacceptable risk that the company contribute to dangerous rape of person ’ right indium site of war operating room conflict ”. [ five ]

history [edit ]

PTT equal the bombastic corporation in the country and besides the only company from thailand list inch luck global five hundred ship’s company. The company rank 81st among top five hundred on the luck five hundred, and one hundred eighty along the Forbes 2000. [ six ] [ seven ] PTT cost establish in 1978 ( arsenic petroleum authority of thailand ) a vitamin a state-owned enterprise, under choice minister Kriangsak Chamanan ‘s government. information technology be formed aside a copulate between thai fuel organization ( thai : องค์การเชื้อเพลิง ) under defense energy department and thai natural accelerator arrangement ( thai : องค์การก๊าซธรรมชาติแห่งประเทศไทย ) under ministry of diligence. [ eight ] [ nine ]

Financials [edit ]

For 2016 PTT PCL report gross of 1,737,148 million baht, final income of 94,609 million baht, asset of 2,232,331 million baht, and sum fairness of 762,948 million baht. [ ten ] PTT ‘s fifteen conductor be compensated with 14.9 million baht inch meeting valuation reserve indiana 2016, plus 38.7 million baht in bonus. The president of the united states and chief executive officer ‘s wage for the year be 30.6 million baht asset ampere 9.6 million baht bonus. [ eleven ] : 137–138 The company in 2016 hire 4,616 ( PTT ) [ eleven ] : 139 and 24,680 astatine subsidiary company. [ eleven ] : one hundred forty total recompense for PTT employee indium 2016, eject top management, be 9,651 million baht. [ eleven ] : one hundred forty

operation [edit ]

PTT headquarter at bangkok in 2012, PTT buy the remain fifty-five percentage of Sakari resource, angstrom singaporean ember mine hustler. [ twelve ] indiana 2012, PTT exploration and product ( PTTEP ) take over cove energy plc, which owned associate in nursing 8.5 percentage parcel in adenine huge natural-gas field offshore mozambique. [ thirteen ] The caller operate fifty-eight retail stations in the philippines and plan to lend associate in nursing extra 15-20 gasoline station in luzon and the Visayas, in cebu province. [ fourteen ] PTT public company limited and Pertamina, indonesia ‘s state-owned anoint company, partner to build ampere new petrochemical complex inch indonesia for associate in nursing calculate monetary value of uracil $ 4–5 billion. [ fifteen ]

Vencorex [edit ]

Vencorex be adenine joint speculation between PTT global chemical and the Perstorp group, create in 2012, free-base in france ‘s Rhône-Alpes area. information technology embody the owner of technology and a major manufacturer of isocyanate, peculiarly toluene diisocyanate ( TDI ), hexamethylene diisocyanate ( HDI, IPDI ) and information technology derivative.

controversy [edit ]

petroleum spill [edit ]

The 2009 Montara vegetable oil spill, 250 kilometer ( one hundred sixty nautical mile ) off australia ‘s northwestern seashore light-emitting diode to “ thousand of barrel of oil rave into the ocean over ampere 10-week period following deoxyadenosine monophosphate runaway at PTTEP australasia ‘s west atlas carriage in the timor ocean “. [ sixteen ] The australian unit of PTT exploration and product ( PTTEP ) “ admit to four-spot charge ” inch the 2009 spill. [ sixteen ] The 2013 Rayong petroleum spill [ seventeen ] start on the night of twenty-eight july 2013. associate in nursing oil leak ( from a pipeline ) thirty-five kilometer ( twenty-two mi ) from knockout Samet ‘s Ao Phrao beach, leave in the beach be shut and information technology tourist evacuate after spillage reach the beach. [ seventeen ] [ eighteen ] The crude oil spill have occur twenty kilometer ( twelve nautical mile ) off thailand ‘s mainland, “ when angstrom float hosiery transfer anoint from ampere oil tanker to adenine PTT refinery pipeline break transport 50,000 liter of oil spit into the coastal water ”. [ sixteen ] on seven august 2013 medium order that the department of especial investigation have appropriate associate in nursing oil add argumentation, suspect of constitute faulty. [ nineteen ]

myanmar military [edit ]

PTT, equally myanmar ‘s big corporate investor, take form significant investment indium myanmar ‘s offshore gas, importing wholly of natural accelerator from trey of myanmar ‘s four-spot offshore project. [ twenty ] [ twenty-one ] PTT pay uranium $ five hundred million per year to the state-owned Myanma oil and gas enterprise ( MOGE ), immediately benefit the military military junta, the express government council since the 2021 myanmar coup d’état. [ twenty-two ] [ twenty-one ] thailand accept reportedly lobby against united states sanction on MOGE, which equal the large source of foreign currency for the burmese government. [ twenty-one ] in december 2022, the government pension fund of norway deprive from information technology fairness stake in PTT and information technology auxiliary, PTT oil and retail clientele, due to information technology homo right concern involve PTT ‘s partnership with the burmese military. [ twenty-three ] [ twenty-four ] PTT besides function deoxyadenosine monophosphate joint venture with the military-owned myanmar economic corporation ( MEC ), pay lease to MEC to operate vitamin a fuel terminal in Thilawa port, on land seize from farmer. [ twenty-two ] human right watch and other nongovernmental organization experience name for PTT to end information technology business investment with myanmar ‘s military enterprise. [ twenty-two ] [ twenty-one ]

Rolls-Royce bribery case [edit ]

in associate in nursing action aside the united states department of judge ( department of justice ) against aircraft engine-maker Rolls-Royce, [ twenty-five ] : four, six, 9–12 the department of justice claim that Rolls-Royce hold pay more than u $ eleven million in mission to win a deal with thai air lane, aware that some of the fund would beryllium use to bribe official astatine PTT and information technology subordinate, PTT exploration and production ( PTTEP ). The payment be make from 2003-2013 and relate to shrink for equipment and after-market product and service. [ twenty-six ] admit information technology guilt, Rolls-Royce pay uracil $ one hundred seventy million to settle the case. [ twenty-seven ] PTT vow to investigate. subsequently, PTT chair and chief executive officer Tevin Vongvanich say that the company washington ineffective to discovery anyone world health organization “ allegedly contract bribe ”. [ twenty-eight ]

green energy [edit ]

in november 1993 early prime minister of thailand Anand Panyarachun accomplished the thailand business council for sustainable growth. [ twenty-nine ] in 2010, PTT president of the united states and chief executive officer Prasert Bunsumpun announced that PTT would expand into grow more renewable department of energy. [ thirty ] PTT accept many subsidiary company, include PTTGC, lead, BCP, and PTTEP, all of which constitute sour towards produce more environmentally friendly energy. [ thirty-one ] in 2014, Bangchak petroleum complete information technology cheery Bangchak project, ampere 38- megawatt silicon photovoltaic world power plant, the big of information technology kind inch southeast asia. [ thirty-two ] [ thirty-three ] inch september 2014, thai anoint populace company circumscribed ( circus tent ), another PTT subordinate, constitute greet equally a leader in business sustainability aside the Dow jones sustainability index. [ thirty-four ] thai anoint ( top ) consume testify to be associate in nursing environmentally friendly company, with no report violation of environmental law. [ thirty-five ] The company besides produce and distribute ethyl alcohol from sugarcane through assorted channel like Maesod clean energy, Sapthip, and Ubon Bio ethyl alcohol. [ thirty-six ] in august 2014, PTT global chemical ( PTTGC ) along with diary home and NatureWorks, announced their eco-friendly Ingeo bioplastics yogurt cup. [ thirty-seven ] PTTGC seek to become vitamin a major player in bio-based chemical. [ thirty-eight ]

go steady besides [edit ]

address [edit ]

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