Some non-core activities to come under microscope as competitive landscape is changing fastKongkrapan Intarajang, the former head of PTT Global Chemical, succeeded Auttapol Rerkpiboon as the president and CEO of PTT Plc last month. The new president and CEO of PTT Plc, Kongkrapan Intarajang, says he plans to review the business expansion strategy of the national oil and gas conglomerate to ensure it can take advantage of rapid changes in the global market. Mr Kongkrapan, who previously served as chief executive of PTT Global Chemical, said the global market for many sectors has changed in many dimensions. The petrochemical sector, Mr Kongkrapan noted, was already on a down cycle during the post-Covid period but the outlook has worsened because of additional oversupply from China. Carbon capture storage systems and hydrogen fuel could become part of the company’s arsenal as it strives to reduce emissions, said Mr Kongkrapan, who succeeded Auttapol Rerkpiboon as the leader of PTT last month.

Source: Bangkok Post June 14, 2024 23:14 UTC