PTT Global Chemical, SCG Chemicals advance talks on Thailand olefins, polyolefins joint venture

• PTT Global Chemical, SCG Chemicals advanced talks on a potential petrochemicals joint venture, entering confirmatory due diligence.
• Key transaction parameters targeted for finalization by October 2026, including ownership structure, transaction steps, quantified synergies.
• Proposed scope covers both groups’ Thailand olefins, polyolefins assets, aiming to create a larger integrated regional player.
• Framework envisages GC as major shareholder, SCGC as significant shareholder, subject to internal approvals.
• Companies plan to file for Thailand Trade Competition Commission clearance; closing depends on regulatory approvals.

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