BANGKOK -- Thai oil and gas conglomerate PTT Group has sold off its coal mining business in Indonesia as part of a plan to diversify away from fossil fuels and into green energy as the country aims to reach carbon neutrality in 2050 and net-zero emissions by 2065.
PTT's board of directors approved the sale by PTT International Holdings, a wholly owned subsidiary, of its entire stake in PTT Mining to PT Astrindo Nusantara Infrastruktur, a company listed in Indonesia, said PTT's CEO Auttapol Rekpiboon.
