SCGC and GC Announce Joint Venture Plan to Integrate Olefins and Polyolefins Businesses in Thailand
Brand Buffet
Key summary
SCGC Chemicals and PTT Global Chemical (GC) have announced a plan to integrate olefins and polyolefins businesses in Thailand. A new joint venture company will be established with an olefins production capacity of approximately 7.1 million tons per year. It is expected to generate synergy worth $150-200 million per year within 3 years. GC will hold 56% of the shares, and SCGC will hold 44% through a share swap. It is expected that shareholders will be asked to approve the plan in December 2026, and the establishment of the joint venture company will be completed in the second half of 2027, if approved and all conditions are met.
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Source report
Brand Buffet
Read original ↗https://www.brandbuffet.in.th/2026/11/scgc-and-gc-elevate-thailands-petrochemical-industry/