Thai energy major PTT to invest $1.83b over next 5yrs, to explore hotel biz

Thai energy major PTT to invest $1.83b over next 5yrs, to explore hotel biz

The logo of PTT is pictured at an exhibition hall in Bangkok, Thailand, May 12, 2016. REUTERS/Athit Perawongmetha

Thailand’s leading energy conglomerate PTT Group plans to invest 65 billion baht ($1.83 billion) over the next five years to expand its oil business and diversify into bio-fuel and bio-chemical industry.

It plans to invest 40 billion baht to develop biochemical products and the rest 25 billion baht to expand the number of petrol stations in domestic and overseas. It will also spend on upgrading existing petrol stations.

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