# PTT Pledges to Sustain Majority Ownership in Key Enterprises

- Link: https://www.thailand-business-news.com/companies/157829-ptt-pledges-to-sustain-majority-ownership-in-key-enterprises
- Published: 2024-09-24T14:16:47+07:00
- Author: Jeff Pinchuck

**PTT Public Company Limited (PTT)** has emphasized its commitment to reducing greenhouse
gas emissions through initiatives like Carbon Capture and Storage (CCS) and Hydrogen
production, aiming for long-term sustainability.

## Key Takeways

 * PTT maintains controlling stakes in flagship companies to ensure their alignment
   with its overarching goals. These companies are critical to PTT’s strategic plans
   and achieving its objectives.
 * PTT Public Company Limited emphasizes reducing greenhouse gas emissions through
   Carbon Capture and Storage (CCS) and Hydrogen production for long-term sustainability.
   The move follows a decline in stock prices for its downstream businesses.
 * PTT regularly updates its strategies to stay competitive, focusing on areas of
   established expertise and seeking strategic partners. This includes investments
   across the Hydrocarbon value chain like exploration, natural gas, LNG, refining,
   petrochemicals, chemicals, oil and retail, and power generation.

The move came after a decline in stock prices for **PTT Group’s** downstream businesses,
including oil refining and petrochemicals, on Wednesday. PTT underscored that it
regularly reviews and updates its business strategies to remain competitive in the
evolving industry landscape. 

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These strategies are designed to enhance competitiveness in areas where PTT has 
established expertise while seeking strategic partners to strengthen its operations.
The PTT Group continues to invest across the entire hydrocarbon value chain, including
exploration and production, natural gas, LNG, refining, petrochemicals, chemicals,
oil and retail, and power generation.

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Moreover, PTT reiterated its policy of maintaining controlling stakes in its flagship
companies to ensure their operations align with the overarching goals of the PTT
Group. These companies play a critical role in PTT’s strategic plans, and maintaining
control over their direction is vital for achieving the group’s objectives.

[Source link ](https://thainews.prd.go.th/nbtworld/home/)