PTT expands investment in many areas in ASEAN

BANGKOK, May 15 (TNA) - PTT Public Company Limited (PTT), Thailand's largest petroleum firm, and its subsidiaries, are speeding up their investment expansion in other member countries of the Association of Southeast Asian Nations (ASEAN) in the lead-up to the ASEAN Economic Community (AEC), set to be formed by 2015. PTT President Pailin Chuchottaworn told journalists of the move on Wednesday, acknowledging that, at the latest development, the Vietnamese government has already approved a joint venture with his PTT group to build a comprehensive refining and petrochemical complex in Vietnam's Binh Dinh province. Pailin said that PTT also plans to open petrol stations with full-scale services in Laos, Cambodia and Myanmar. Besides, Anon Sirisaengtaksin, Chief Executive Officer (CEO) of PTT Global Chemical Public Company Limited, announced that his company plans a comprehensive petrochemical joint venture in Indonesia, with the new project set to take shape in the near future, while his firm's petrochemical project in Malaysia is expected to start production in 2016. Meanwhile, PTT has also launched its FitStation Mobile Service, in which its auto service vehicles are deployed in targeted areas to offer the replacement of engine oil and light parts, as well as 12 auto condition checkups to motorists. The PTT's mobile auto maintenance units are designed for rapid services and use solar power, power from batteries and alternating currents from buildings’ outlets; so they can choose suitable renewable energy at the locations of their services. (TNA)