PTT — Moving Towards the Mobility and Lifestyle Business
PTT, which has already achieved the goal of becoming a “Thai Premier multinational energy company” (Fortune 100, Dow Jones Sustainability Index and top quartile performance), intends to go further by matching its businesses with the new global trends. Now we have set the new vision as “Powering Life with Future Energy and Beyond” as a company driven by purposes of growth along the way of life, positive contribution to enhance livelihood and low carbon society. Moreover, PTT is confident and committed to contribute to Thailand’s climate policy target of being a carbon-neutral and net-zero emission society for sustainability.
To achieve the new vision target, PTT New Business are composed of renewable energy business, EV business (which include EV, Battery, EV Charger and also EV platform), Life-Science business, Mobility & Lifestyle, Logistics & Infrastructure, Hydrogen, High Value Business and AI, Robotics & Digitalization, and ready to explore more.
With this new vision, PTT’s aspiration over the next decade is to focus on future energy and beyond. This plan will require 32% of the company’s total capital spending. PTT aims for these new businesses to generate 30% of net profit by the year 2030. PTT has established the New Business and Infrastructure Business Unit since 2020 and has also set up not only corporate Incubator & Accelerator but also corporate venture capital to seek opportunities and drive in-house innovation to commercialization and new companies to run those new businesses like ARUN Plus, Innobic, etc.
With PTT undergoing company reorganization and reshaping portfolios to support the aforementioned new businesses, PTT R&D has also been adjusting by shifting its original petroleum-based focus towards more on future energy and life science, and preparing for capability building to achieve sustainable growth.