PTT explores refinery partnerships and receives IP innovation award

PTT Public Company Limited has clarified its position regarding potential investments from foreign partners in its refinery and petrochemical businesses. The company stated that seeking strategic partners is a method to enhance long-term competitiveness, energy security, feedstock flexibility, and technological development amidst global energy market volatility and excess production capacity.

PTT emphasized that any partnership would be structured such that the company remains the majority shareholder and controlling entity. While discussions and evaluations with several potential partners are ongoing, no significant progress has been made, and no formal agreements have been reached. All actions will be conducted in accordance with the law and subject to relevant approval processes.

Separately, PTT received the IP Champion 2026 award for its invention of a polymer-based wound dressing material. Developed by the PTT Innovation Institute, the medical innovation is designed to absorb exudate and inhibit microbes while minimizing pain and infection risks. The product is currently being commercialized through a partnership with TigerPlast.