Milestone
2010 | 2009 | 2008 | 2007 | 2006
Key Progress and Event
  • Relocation of the Bangkok Head Quarter of the company and the group of companies to 555/1 Energy Complex Building, floor 15th-18th, Vibhavadi Rangsit Road, Chatuchak Sub-district, Chatuchak District Bangkok 10900

  • Opening ceremony of the Laboratory Service Center at Map Ta Phut Industrial Estate, Rayong Province to improve efficiency for customer services

  • GTG#1 Pre-commissioning at a cogeneration project at I-1 Olefins Factory by cooperation with Hyundai Engineering (Thailand)

  • Commercial commission of PTTPE under the production capacity of 400,000 tons per year on 1st of January 2010

  • Opening of the first Emergency Control Center in Thailand under NPC S&E, one of the companies in PTT Chemical Group at Map Ta Phut, Rayong Province to be the largest and the most Hi-Tech center for emergency prevention and response in ASEAN

  • Thai Choline Chloride (TCC) Company Limited, a subsidiary of the company registering for the name changing to Bio Creation Company Limited, to provide trading service for Methylamines Derivatives and Health & Nutrition

  • Joint venturing with Myriant Technologies, Inc., United States of American to research and develop green chemicals

Share Holders – Investors
  • Organizing the annual shareholders meeting on 7th April 2010 at the Sofitel Centara Grand Bangkok to inform shareholders about the company’s progress and performance, and voting for the company’s agendas

  • Organizing shareholders visiting activity at PTT Chemical Group’s factories at Map Ta Phut Industrial Estate including joining with communities, students, managements and employees of the group of companies for global warming mitigation measure by plantation at Map Chalute Temple, Rayong Province

  • Interim dividend payment for the first 6 months of 2010, i.e. from January 2010 to 30 June 2010 to the company shareholders at the rate of 1.45 Baht per share accounting for 2,187 million Baht

  • Siam Cement Public Company Limited (SCC) reporting to the stock exchange market that SCC proposes the selling of regular stock of PTT Chemical Public Company Limited for 236,000,000 stocks accounting for 15.59% of paid capital at 140 Baht per share to investors both domestic and international for the limited group under the stock exchange market. This event has no impact to Olefins Sales Agreement between the company and SCC

  • Participating in Money Expo 2010, The Road to Wealth to provide information to investors

  • Participating in PTT Group CG Day 2010 under the concept of “The Code to Growth” to demonstrate performance in corporate governance of the listed companies in PTT Group

Innovation
  • Signing the Memorandum of Understanding (MOU) for Bio-plastic for Sustainable Agriculture Research and Development Project with the Thailand Research Fund to develop biodegradable bio-plastic

  • Opening of the nation’s first Petrochemical Innovation and Technology at Rayong Province which is Thailand’s first large scale petrochemicals research and development center. Organizing Open Innovation 2010 to display research project with business alliances to interested employees and individuals

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  • Cooperating with the Government Pharmaceutical Organization to bring innovation to support and promote investment in research and development medical technology and packaging to replace imported medical packaging materials

Social, Community and Environmental Responsibilities
  • Cooperating with 5 companies in Map Ta Phut Industrial Estate, i.e. PTT, Siam Cement, BLCP, Glow Energy and Dow Chemical to set up “Communities’ Friends” which as an aspiration to develop a pilot green factory and internal control to promote community quality of life and health

  • Supporting “Luffala” which made from natural material by integrating local herb in Rayong with modern technology resulting in value added soap and local economic boast in Rayong

  • Establishing Local Community Clinic at NPC S&E Office to provide free services regarding public health, basic medical check up to communities

  • Accepting to be in the network UN Global Compact to demonstrate the company’s responsible business operation to the world

  • Supporting Vocational Chemical Engineering Practice College or 2010 V-ChEPC to develop technicians in chemical engineering for Map Ta Phut University of Technology

  • Donating 1.5 million Baht to flood victims relief fund. The group’s employees donating to flood victims via the Rajaprajanigroh Foundation under the Royal Patronage

  • Regularly participate in social and communities activities

Alliances / Customers / Suppliers
  • PTT Maintenance and Engineering Company Limited (PTTME), a subsidiary of PTT Chemical signing Memorandum of Understanding with Jacobs Engineering Group Inc. (NYSE:JEC, JACOBS) to increase capacity and expand services on engineering design and service to JACOBS’ customers around the world

  • Cooperating with PTT Lubricant to organize introducing event for engine oil storage tank which made from HDPE under the brand InnoPlus for environmental protection and reducing global warming

  • Cooperating with PTT Polymers Marketing in ChinaPlas 2010 Exhibition to promote plastic beads of the companies in PTT Group during 19th -22nd April 2010

  • Cooperating with SMC Corporation Company Limited in K-Fair 2010 Exhibition which is an international exhibition regarding Industrial Plastic Product at Dusseldorf, Germany during 27th October to 3rd November 2010

  • Organizing customer relations activities for the customers of 3 business groups for continuous good support and expansion of business channel from customers meeting

Awards / Recognitions
  • Receiving SET Awards of Honor 2010 in the categories of the Top Corporate Governance Report Awards for a listed company with outstanding report on corporate governance for the 3rd consecutive years in the SET in the City 2010 event of the Stock Exchange Market of Thailand

  • Chief Executive Officer receiving Quality Persons of The Year 2010 from the Foundation of Science and Technology Council of Thailand

  • Receiving CEO, CFO and IR in the categories of SAA Award for Listed Companies 2010 from the Securities Analysts Association

  • 105 MW Cogeneration Power Plant of the company receiving EIA Monitoring Awards 2009 from the Office of Natural Resources and Environmental Policy and Plan

  • Receiving CSR Excellence Recognition in the categories of outstanding company in social activities and responsibilities from the American Chamber of Commerce in Thailand

  • Receiving Top Employers of Choice in the Industrial Products Group from surveying Thailand’s Top Graduates Employers by Quality Profile Company Limited

  • Receiving Ecomogination Award from GE Water and Process Technology Company Limited (GE) which is cooperating between GE and customers regarding reduction in water and energy usage

  • Receiving outstanding workplace award in safety, occupational health and working environment at national level from the Ministry of Labour for the 13 consecutive years

  • Receiving outstanding workplace award for 2010 Labour Relations and Welfare in a categories of a large company with labour union from the Department of Labour Protection and Welfare, the Ministry of Labour

ความก้าวหน้าและการดำเนินงาน
  • March 2009, PTT Chemical Public Company Limited (PTTCH) have signed an amendment with Glow Energy Public Company Limited (GLOW) to extend their Power Supply Agreement and Steam Supply Agreement until 2025. The capacity contracted will be increased from 22 MW to 24 MW of electricity and from 65 T/h to 70 T/h of steam.

  • May 2009, Cognis Oleochemicals, the joint venture between PTT Chemical International Private Ltd and Sime Darby Plantation Sdn Bhd unveiled its new branding and company name EMERY OLEOCHEMICALS. This marks an important milestone for both organisations as this international joint venture will fully integrate the upstream and downstream capabilities of each partner. Emery Oleochemicals has production facilities in Germany, USA, Canada and Malaysia, and sales and service centers in the UK, Brazil, Japan, China and Hong Kong.

  • June 2009, Alliance Plant Service Co., Ltd. (APS) changed its name to PTT Maintenance & Engineering Co., Ltd. (PTTME).

  • PTT Polyethylene (PTTPE), a subsidiary of PTT Chem Group has completed the construction of its Ethane Cracker which now is in the process of pre-commissioning.

  • Bangkok Polyethylene (BPE), a subsidiary of PTT Chem Group has completed the construction and commissioning of its HDPE plant which now is in the process of pre-commissioning.
การตลาดและนวัตกรรม
  • January 2009, PTT Chemical revealed a premium quality bullet-proof vest made of HDPE from InnoPlus, a polyethylene brand by PTT Chemical. This marks a joint achievement between the company and the National Metal and Materials Technology (MTEC)in innovative use of domestic materials.

  • August 2009, PTT Chemical Plc., and Sri Thai Superware Pcl., signed the Memorandum of Understanding to jointly develop and give continuing support to Thailand’s plastic industry. The cooperation of the two companies, sharing both raw materials and technology knowledge, resulted in their first invention entitled – Water Lilies – the innovation for water conservation which is derived from Sri Thai Superware’s high-technology machine and expertise in injection and PTT Chemical’s researcher team and proficiency in manufacturing customized HDPE resins. The plastic water-conservation floats will be used to prevent water evaporation, reduce water tidal effects, and lessen soil eroding problem.

  • September 2009, PTT Chemical participated the TIPREX 2009, the region’s premier plastic and rubber exhibition, and showcased its InnoPlus plastic resins under the title “InnoPlus : We Value Partnership”.

  • November 2009, PTT Chemical and SMC Corporation Limited signed the Memorandum of Understanding to develop Thailand’s plastic industry through a strategic network. The two companies intend to increase the strength and potential of Thai plastic manufacturers in terms of capability to better respond to current market needs and to successfully compete in the global market.
Business and projects
Olefins business and shared facilities
  • Commencing in January 2009, the production capacity expansion of Ethylene and Propylene increases to 100,000 tons/ year and 500,000 tons/per year, respectively.
  • Electricity Power Steam Project (EPS project), which produces 112.5 Megawatts of electricity and 560 tons of steam per hour to support production process and expansion, is expected to start operation of Engine Set 1 and Engine Set 2 in the first quarter of 2010, and Engine Set 3 in the fourth quarter of 2010.
Polymer Products Value Centre
  • Thai Styrenics Company Limited (TSCL), in which PTTPE holds 100% of shares, was established in April 2007 following an acquisition of HMT Polystyrene Company Limited (HMT)
  • The Ethylene Cracker with capacity of 1,000,000 tons per year was built to produce LDPE, with capacity of 300,000 tons per year, and LLDPE, with capacity of 400,000 tons per year. The LLDPE plant is expected to start an initial operation and commercial operation within November 2009 while the LDPE plant will commence a commercial operation in the second quarter of 2010.
  • The 50,000-ton per year HDPE capacity expansion project is expected to commence commercial operation in the fourth quarter of 2009.
  • The 250,000-ton per year HDPE capacity expansion project, under the responsibility of Bangkok Polyethylene Public Company Limited, is expected to commence a commercial operation in the fourth quarter of 2009.
EO-Based Performance Products Value Centre
  • The increase of MEG production capacity project to 423,000 tons per year under the operation of TOC Glycol Company Limited (TOCGC) has commenced commercial operation since November 2008.
  • The 50,000-ton per year ethanol amine production project, under the responsibility of Thai Ethanol Amine Company Limited (TEA), has commenced a commercial operation in May 2009.
  • The 20,000-ton per year chlorine-chloride production project, under the responsibility of Thai Chlorine-Chloride Company Limited (TCC), was expected to commence commercial operation in the second quarter of 2010. However, the Company has postponed the chlorine-chloride project for a more favorable opportunity in the future as well as to study further on a marketing plan for chlorine-chloride.
Oleochemical Products Value Centre
  • After the completion of Thai Oleochemical Company Limited (TOL) construction, TOL has commenced its commercial production of Methyl ester since February 2008 and Fatty Alcohol in September 2008. TOL also invested in Multi-Purpose Reactor (MPR), related product of the Company. MPR project is expected to commence a commercial operation within the first quarter of 2010.
  • TOL acquired shares of Thai Fatty Alcohol Co., Ltd. (TFA) from Cognis Thai B.V. (Cognis) from 50% of shares to 100% of shares on 17 October 2008.
Other Businesses
  • PTT Chemical International Pte. Ltd. (CH Inter) acquired 50% of shares from Cognis Oleochemical (COM) on 24 November 2008, joining investment with Sime Darby Plantation (Malaysia) Company Limited. COM has the oleochemical production capacity of 962,000 tons per year whose main products, made of oil and natural fat, are fatty acid, fatty alcohol, glycerin, triacetin, ozone acid, plastic addictives, and chemical for crude production.
Progress
  • In April 2007, the olefin production capacity expansion project, consisting of 130,000 tons per year of ethylene and 120,000 tons per year of propylene, was completed.
  • The Company’s Board of Directors’ resolution on 26 January approved the HDPE capacity expansion project from 250,000 tons per year to 300,000 tons per year, and an investment in electricity and steam production with capacity of 108 Megawatts of electricity and 381.5 tons of steam per hour.
  • Under an investment expansion plan, PTT Chemical acquired 11,500,000 shares of PTTPE, totaling Baht 1,750 million and 85,000,000 shares of BPE, totaling Baht 2,000 million from PTT Plc, leading to 100% of shareholdings in both companies
New Plants
  • TOC Glycol plant was opened to produce and distribute Ethylene Oxide and Ethylene Glycol products, an essential raw material for polyester industry.
  • Ethoxylene plant was opened to produce and distribute Ethoxylene, a raw material for personal care and household cleaning products.
  • In 2008, with the inauguration of Phenol plant, the Company started Phenol and Acetone production, raw materials for production of Bisphenol A and PC plastic pellet, or Polycarbonate used in production of automotive parts, electrical appliances, compact discs, DVDs, etc .