Thailand’s PTT Eyes $2.5 Billion Fuel, Convenience Expansion
The oil company looks to expand its gas station network to 3,100 sites and grow its c-store and coffee concept.
Jan 25, 2021
BANGKOK—Thailand’s PTT Oil and Retail (PPTOR) plans to invest $2.5 billion during 2021–25 to expand its network of gas stations and cafés and pursue new business opportunities as parent company PTT PCL readies an initial public offering on the Stock Exchange of Thailand, Petrol Plaza reports.
PTT looks to use the IPO proceeds to add more gas stations to its 2,000-site network and invest in petroleum distribution centers.
The Thai company plans to expand its network of 1,986 gas stations to 3,100 sites by 2025, along with boosting the number of its Café Amazon coffee and c-store concept stores from 3,186 to 5,800. Growth is slated for Cambodia, Laos, Myanmar, Vietnam, the Philippines and China.
PTT is Thailand's leading petroleum and convenience retailer. The company operates travel plazas that meet the diverse needs of consumers on the go with gas stations and Jiffy-branded convenience stores. PTT stations sell regular and diesel fuel, premium diesel and biodiesel (B10, B20), higher ethanol “gasohol” blends (E20, E85) and natural gas. In 2002, PTT founded Café Amazon, which has become a destination for travelers, decorated with green tones and natural images of gardens and fountains to create a cozy and relaxing atmosphere. Café Amazon was the first coffee chain in Thailand to serve hot beverages nationwide in a compostable paper cup.
When NACS Convenience Summit Asia heads to Thailand in 2022, attendees will have the opportunity to visit PTT locations.
