SCGC and GC sign MoU to explore joint venture of olefins and polyolefins businesses in Thailand

SCG Chemicals (SCGC) and PTT Global Chemical (GC) signed a non-binding MoU on 29 April 2026 to explore forming a joint venture of their olefins and polyolefins (polyethylene and polypropylene) businesses in Thailand. The potential JV aims to strengthen Thailand's petrochemical supply chain and competitiveness.

“The objective of this potential joint venture is to establish a leading petrochemical player in the region, reinforcing the global competitive advantage of Thailand's integrated infrastructure.”asiandownstreamsummit.com

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• asiandownstreamsummit.comSCGC and GC Sign Memorandum of Understanding to Explore Potential Strategic Joint Venture Formation of Olefins and Polyolefins Businesses in Thailand, Aimed at Securing Thailand's Petrochemical Supply Chain - Asian Downstream SummitMr. Narongsak Jivakanun, Chief Executive Officer at GCMay 5, 2026

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