SCG Chemicals, a subsidiary of SCG, and PTT Global Chemical have entered into a non-binding Memorandum of Understanding to explore a strategic joint venture in their olefins and polyolefins businesses in Thailand. The study will cover existing production facilities for olefins, polyethylene, and polypropylene, along with related joint ventures.

This potential collaboration aims to create a globally competitive petrochemical leader in the region by leveraging integrated infrastructure, achieving economies of scale, optimizing raw material management, and strengthening downstream value-added products.