PTG Appoints SCBS as FA for “Palm Complex”, Expecting IPO in 2Q22

PTG Energy Public Company Limited (PTG) has announced that the company appointed SCB Securities Co., Ltd. as a financial advisor for the listing of PPP Green Complex Company Limited (PPP) in the Stock Exchange of Thailand (SET).

 

In the announcement, PTG expected the filing to the Securities and Exchange Commission of Thailand at year’s end the Initial Public Offering (IPO) for PPP to be in the second quarter of 2022.

 

The funding from this offering is expected to support the expansion plan for PPP. The company currently has a palm oil refining capacity of 600,000 liters per day, palm oil for consumption at a capacity of 200,000 liters per day, and biodiesel with a max capacity of 400,000 liters per day.

PPP expects to increase its production capacity of biodiesel B100 by a fold to support the growing demand, while planning to expand its production to biochemical. Currently, the production of pure glycerin has a high gross profit margin.