PTT GCNews · 2026-05-29 00:00

GC and the Thai refinery group signed a declaration of intent to enhance governance, transparency, and accountability in the Thai energy sector.

PTT Global Chemical (GC) and six other petroleum refineries, along with several governance and business organizations, signed a declaration to uphold good corporate governance and combat corruption. The initiative aims to ensure transparency and accountability within Thailand's energy industry.

This collective commitment reinforces the industry's dedication to ethical operations and strengthens public trust in the energy sector. It highlights the importance of fair and verifiable practices for the benefit of the nation and its citizens.

Fast Facts

·Event: Declaration of Intent signing
·Participants: PTT Global Chemical (GC), 6 petroleum refineries, Anti-Corruption Organization of Thailand, Federation of Thai Industries, Thai Chamber of Commerce, Thai Bankers' Association, Stock Exchange of Thailand, Thai Institute of Directors Association
·Objective: Enhance governance, transparency, and anti-corruption
·Sector: Thai energy sector
·Date: May 29, 2026
·Key signatory: Pornsak Mongkoltreerat, COO, GC

Refining

ESG & Finance

Organizations Mentioned

PTT Global Chemical

PTT Global Chemical is a leading integrated petrochemical and refining company, producing and distributing a wide range of petrochemical products and chemicals.

FTI

The Federation of Thai Industries is a private sector organization that promotes and supports the development of Thai industries, including advocating for policies related to energy and sustainability.

Energy Efficiency

Power Generation

Other

ACT

The Anti-Corruption Organization of Thailand (ACT) is a non-governmental organization that serves as a network of organizations and individuals dedicated to combating corruption and promoting good governance in Thailand.

Other

Thai Chamber of Commerce and Board of Trade of Thailand

The Thai Chamber of Commerce and Board of Trade of Thailand is a non-profit organization representing Thai businesses and promoting trade, investment, and economic development in Thailand.

Other

Energy Efficiency

Thai Bankers' Association

The Thai Bankers' Association is a non-profit organization representing commercial banks in Thailand, promoting the banking industry and contributing to the country's economic development.

Other

SET

The Stock Exchange of Thailand operates the primary stock market in Thailand, facilitating capital raising and trading for various companies, including those in the energy sector.

Other

IOD

The Thai Institute of Directors Association (IOD) is a non-profit organization dedicated to promoting good corporate governance practices among directors of Thai companies across various industries.

Other

PTT

PTT Public Company Limited is a Thai state-owned integrated energy company involved in upstream and downstream petroleum, natural gas, petrochemicals, and power generation.

Thai Oil

Thai Oil Public Company Limited is Thailand's largest oil refinery, engaged in crude oil refining, petrochemicals, and power generation.

People Mentioned

Pornsak Mongkoltreerat

Chief Operating Officer, Operations for Excellence Group at PTT Global Chemical Public Company Limited (GC)

Source

GC and the Thai refinery group signed a declaration of intent to enhance governance, transparency, and accountability in the Thai energy sector.