Asia Business Leaders Awards: Petroleum Authority of Thailand
Established in 1978 as a state enterprise, Petroleum Authority of Thailand or PTT was formed to conduct petroleum and related businesses. PTT Public Company Limited ("PTT Plc") was registered as a company under the Corporatization Act in 2001 with a capital of 20,000 million baht. It is currently a fully-integrated energy company and an industry leader in exploration and production, transmission, petrochemical, refining as well as marketing and trading of petroleum and petrochemical products. It currently ranks as the world's 95th largest corporate in Fortune Global 500.
PTT's main businesses include procurement, transmission and distribution of natural gas in Thailand through a 3,508-km pipeline network, as well as marketing and processing of natural gas through 5 gas separation plants. The company, through its 65.4%-owned subsidiary, PTT Exploration and Production Public Company Ltd., conducts oil and gas exploration and production both domestically and overseas. Most projects are located in the Gulf of Thailand, and overseas projects cover Asia Pacific, the Middle East and West Africa.
PTT Group never loses its grip on corporate social responsibility, environmental protection, and preservation of nature. Through its efforts, approximately 250,000 hectares of mature forests have been added to the country thus far. Continuous improvement, benchmarking and monitoring of green house gas emissions and energy conservation are placed in the latest roadmap for sustainability. The company intends to create and enhance awareness on climate change and energy conservation for the public through designed programs and campaigns.
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