PTT Oil and Retail Business (OR) will allocate 200 billion baht for its 10-year business plan, hoping to boost its oil and non-oil businesses, including Cafe Amazon and electric vehicle (EV) charging outlets.
The company will spend 36% of the investment to develop mobility-related businesses, said Jiraphon Kawswat, president and chief executive of OR.
Another 22% of the budget will go to lifestyle businesses, 28% to innovative product development and 14% to overseas investment, she said.
The investment plan lasts from 2020 to 2030.
"We expect Ebitda [earnings before interest, taxes, depreciation and amortisation] to reach more than 40 billion baht in 2030, which will be jointly generated by its partners," said Ms Jiraphon.
Earlier OR announced a five-year business plan, with investment worth 93.5 billion baht. The plan will support its food and coffee business as well as expansion of petrol stations.
The company earlier said it plans to offer new dishes from Ohkajhu -- an organic salad restaurant -- after it acquired a 20% share in Pluk Phak Praw Rak Mae Co, the operator of Ohkajhu in 2021.
It also announced it plans to add 389 more Cafe Amazon outlets, up from 3,931 last year.
Internationally, OR is keen to seek investment opportunities in Cambodia, Laos and the Philippines.
Indonesia, China and India are also investment destinations as the three countries have high market potential.
OR plans to set up joint ventures with its business partners in foreign countries. The company expects some business deals to be finalised within this year.
"We expect to see at least one joint venture in each country where we have made investments," said Ms Jiraphon.
OR hopes its business expansion projects will eventually make it a leading global company.
In the EV sector, OR will increase the number of EV charging outlets to 450, located in PTT petrol stations and elsewhere.
