Google

ASEANAFFAIRS
Sign up | Log in

    ASEAN PROFILES

  ASEAN KEY DESTINATIONS

Home  >>   Daily News  >>   Thailand News  >>   Energy  >>   PTT budgets R&D
NEWS UPDATES Asean Affairs                   16  September 2011

PTT budgets R&D

Related Stories

September 6, 2011
Thais hope to power Vietnam

August 30, 2011
PetroVietnam signs oil deal

uly 16, 2011
Vietnam imports coal

June 16, 2011

Vietnam imports first Indonesian coal

May 31, 2011

Fuel imports to Vietnam increase

PTT Plc is gearing up to conduct more research and development (R&D) activities into high-value petroleum and polymer products.

The country's biggest energy conglomerate and its subsidiaries have budgeted 3 billion baht (US$98.9 million) for R&D this year, of which 85 percent is for PTT alone.

Prajya Phinyawat, the chief operating officer, said its subsidiaries were still considering their R&D budgets.

"Our goal is to be a Fortune 100 company (up from 118th now) and grow sustainably. For this, we should have our own technology and know-how," he said.

The PTT Group has focused on R&D since 1999, led by IRPC Plc _ the former Thai Petrochemical Industry _ which has registered three patents to date.

The group's first patent came in 2001, and 37 patents have since been registered.

R&D activities will be directed at oil and lubricants, advanced chemicals, performance boosters, catalysts, process technology and green synergy.

A major milestone occurred in 2007, when subsidiary Thaioil Plc began working on R&D in cooperation with Chulalongkorn University's Petroleum and Petrochemical College and King Mongkut's Institute of Technology.

In addition, IRPC has earmarked 2-3 percent of its sales for R&D recently.

Chaicharearn Atibaedya, an executive vice-president of the PTT Research and Technology Institute, said the group was forming an intellectual property office to oversee IP issues and facilitate processes.

"We'll review human resource management in order to encourage staff to work more on R&D," he said.

PTT is now developing many new products such as biofuel from algae as well as the polymer blend chitosan, which is resistant to fungi and bacteria.

The group employs 250 researchers, compared with 100 only five years ago.



Share 

 


Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
  Online Ad Rates
Contact: marketing@aseanaffairs.com

Comment on this Article. Send them to  your.views@aseanaffairs.com

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
 
or
submit your comment in the box below
Name

Name


Email

Email



1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code



 
Today's  Stories    16  September  2011 Subsribe Now !
• Cambodian growth projected at 6.8 Subcribe: Asean Affairs Global Magazine
• Indonesia rust ratify chemicals treaty Asean Affairs Premium
• Foreign investors show interest in Indo airport
Research Reports
on Thailand 2007-2008

•Textiles and Garments Industry

•Coffee industry

•Leather and footwear industry

•Shrimp industry

• Najib announces major law changes
• Clinton urges "concrete actions" by Myanmar on rights
• Vehicle importing in Philippines protested
• Top rice exporters to meet 
• PTT budgets R&D pp

Asean Analysis             16  September  2011

Advertise Your Brand
• Child mortality drops in East Asia-Pacific Sponsor Our Events

Asean Stock Watch   16  September  2011

 
• Asean Stock Watch-September 16 p

ASEAN NEWS UPDATES      Updated: 04 January 2011

 • Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent

• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore
• Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline
• Vietnamese PM projects 10-year socioeconomic plan

ASEAN  ANALYSIS

This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More

 

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

| Terms of Use | Site Map | Privacy Policy  | DISCLAIMER |

Version 5.0
Copyright © 2006-2017 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand
asean@aseanaffairs.com