PTT Upgrades 2021 Investment Budget to ฿67.5Bn, Focusing on Tech & Engineering Business
PTT revised its investment plan for 2021 from 52,931 million baht to 67,504 million baht to focus on technology & engineering business.
PTT Public Company Limited (PTT) announced that PTT’s Board of Directors at the meeting on June 17, 2021, reviewed and approved the revision of PTT and its wholly owned subsidiaries investment plan for 2021 from 52,931 million baht to 67,504 million baht.
PTT stated that the revision of 2021 investment plan is mainly in Technology & Engineering business particularly from the previous shareholding restructure of power business and adjustment of investment in wholly owned subsidiaries to reflect the current environment while the investment in other projects still proceed as planned i.e.Gas Separation Plant (GSP) unit 7 to replace GSP unit 1, 5th pipeline,and the investment through its wholly owned subsidiaries i.e. Liquefied Natural Gas (LNG) receiving terminal 2 (Nong Fab), Map Ta Phut Industrial Port Development Phase 3 as well as investments in electric vehicle value chain and Life science business (Pharmaceutical, Nutrition, and Medical device).
