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Archive | Energy & Resources

PTT expects investment boost from price float

The energy price restructuring approved by the National Energy Policy Council last week, which will see prices gradually floated, will benefit PTT and encourage the company to extend gas pipelines and boost the number of NGV stations to ensure sufficient supply for customers. A source at the Energy Ministry said PTT was expected to post […]

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PTT chief on value quest

Pailin Chuchottaworn, the new president and chief executive of PTT Plc, has vowed to steer the national oil flagship further toward advanced technology, high-value and green products. “We will no longer stress commodity-grade production. Technology will be put into every product we sell.This will make higher selling prices and greater profit possible,” said Mr Pailin, […]

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Palm oil industry wants price standards

Palm oil refiners have urged the government to set price standards to secure the industry and avoid future shortage. Asanee Mallamphut, president of the Palm Oil Refinery Association, said domestic prices should be in line with global ones, similar to the way gasoline sales operate, by considering costs at every step of production from the […]

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Indorama takes recycling business in Europe

Indorama Ventures (IVL) has signed an agreement to acquire Wellman International’s recycling business in Europe from Aurelius AG, to pursue customers’ sustainability needs and meet the demands of consumers for more recycling of post-consumer products. Indorama’s board approved a management proposal to acquire from Aurelius AG the businesses of Wellman International and its related company […]

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Siam Cement tops DJSI index

Siam Cement Group has topped Dow Jones Sustainability Index (DJSI) building material and fixture sector for the first time, convincing SCG’s management that it is on the right business course. “Our dedication to the sustainable-development [SD] principle reached another milestone when SCG achieved the gold-class level of the DJSI for four consecutive years,” said company […]

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