# PTT among top Asian companies to watch in 2024 according to Nikkei Asia

- Link: https://www.thailand-business-news.com/companies/120830-ptt-among-top-asian-companies-to-watch-in-2024-according-to-nikkei-asia
- Published: 2024-01-05T20:28:02+07:00
- Author: Bahar Karaman

According to Nikkei Asia, PTT is among businesses worth following in 2024 as the
Thai oil and gas leader is diversifying to EV infrastructure.

PTT, the Thai state-owned oil and gas company, has been ranked as one of the top
Asian companies to watch in 2024 by Nikkei Asia, a leading business publication 
in the region.

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PTT has revealed its ambitious plans to invest in renewable energy, hydrogen and
electric vehicles in 20024. PTT aims to become a net-zero carbon company by 2050,
and has set a target of increasing its renewable energy portfolio to 30% by 2030.

[PTT](https://www.thailand-business-news.com/corporate/119090-thai-oil-and-gas-conglomerate-ptt-is-entering-the-lithium-ion-battery-market),
a state-owned oil and gas conglomerate, is adjusting to the Thai government’s emphasis
on electric vehicles and has established PTT Oil Retail (OR) to oversee both oil
retailing and non-oil businesses at its extensive network of gas stations nationwide.

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> State-owned oil and gas conglomerate PTT is adapting to the Thai government’s 
> push for electric vehicles and moving away from its core business of fossil fuel
> development.
> [Asia 2024: A dozen companies to watch as the year unfolds – Nikkei Asia](https://asia.nikkei.com/Business/Business-Spotlight/Asia-2024-A-dozen-companies-to-watch-as-the-year-unfolds)

PTT, a major oil and gas conglomerate in Thailand, has started manufacturing lithium-
ion batteries to support its electric vehicle brand Neta and to enter the expanding
electric vehicle market.

PTT’s foray into EV battery manufacturing aligns with the global shift towards electrification
of transportation. The company is focused on taking advantage of the growing EV 
market in Thailand and establishing itself as a significant player in the regional
EV supply chain.

> [Thai oil and gas conglomerate PTT is entering the lithium-ion battery market](https://www.thailand-business-news.com/corporate/119090-thai-oil-and-gas-conglomerate-ptt-is-entering-the-lithium-ion-battery-market)

PTT is one of the largest energy companies in Southeast Asia, with operations in
exploration, production, refining, petrochemicals, power generation, and gas distribution.
PTT has also been investing heavily in renewable energy sources, such as solar, 
wind, and biofuels, as well as in digital transformation and innovation.