SCG Chemicals and PTT Global Chemical plan to merge their Thailand olefins and polyolefins businesses via a no-cash share swap. The joint venture will have about 7.1 million tonnes per year of olefins capacity and target establishment in the second half of 2027.

PTT Global Chemical (GC) and SCG Chemicals (SCGC) announced plans to combine their olefins and polyolefins businesses in Thailand via a joint venture, with GC holding 56% and SCGC 44%. The venture will have a combined olefins capacity of 7.1 million tons per year and aims to rank among the world's top 10 polyolefins producers.

SCGC and PTTGC plan to form a joint venture combining their olefin and polyolefin operations in Thailand, with a combined olefins capacity of approximately 7.1 million tons/year. The joint venture is expected to be established in the second half of 2027.

SCG Chemicals and PTT Global Chemical agreed on key terms for a joint venture combining their olefins and polyolefins businesses in Thailand, valued at approximately THB 186.5 billion ($5.53 billion). PTTGC will hold 56% and SCGC 44%.