Thailand’s PTT Global Chemical (PTTGC) and SCG Chemicals (SCGC) reportedly signed a Memorandum of Understanding (MOU) on April 29 to explore the possibility of establishing a strategic joint venture (JV) that would combine their olefin and polyolefin businesses. The two companies are reportedly reviewing the integration of related assets in Thailand, including cracker, polyethylene (PE), and polypropylene (PP) production facilities.
The scope of the MOU reportedly covers PTTGC’s olefin and polyolefin assets in Thailand, SCGC’s olefin and polyolefin business unit in Thailand, and SCGC’s related joint-venture equity stakes. The two companies stated that the integration aims to strengthen the resilience of Thailand’s petrochemical supply chain, enhance the competitiveness of Thailand’s industrial sector, and leverage existing integrated infrastructure to boost international competitiveness.
- MOU signing date: April 29, 2026
- Scope under review: PTTGC and SCGC’s olefin and polyolefin assets in Thailand (crackers, PE/PP production facilities, etc.)
- Feasibility study completion target: Q3 2026 (July–September)
- Binding status: the MOU is a non-binding preliminary agreement; the actual transaction is subject to due diligence and approvals from relevant authorities, including the Trade Competition Commission of Thailand