PTT Global Chemical Public Company Limited and its Subsidiaries For the year ended 31 December 2023 PTT Global Chemical Public Company Limited and its Subsidiaries Notes to the financial statements For the year ended 31 December 2023 35 The Company has 2 Ethylene Oxide sale and purchase agreements with 2 related parties. Selling price is determined based on Ethylene price prevailing in the world market. The agreements are for the period of 15 years, commencing from the date as specified in the agreement and will expire in March 2031 and August 2035, respectively. The agreements are automatically renewed and can be terminated by advance cancellation not less than 2 years through written notice to the counterparty. The Company has a Monoethylene Glycol sale and purchase agreement with a related party. Selling prices are charged under the conditions as specified in the agreement. The agreement is for the period of 2 years, commencing from the date as specified in the agreement and will expire in December 2024. The Company has a Propylene Oxide Purchase and Sale Agreement with a related company. Selling prices are determined based on reference price of Propylene Oxide announced in the market. The period of this agreement is 15 years and will expire in December 2035. The Company has 2 Acetone purchase and sales agreements with 2 related parties. Selling prices are determined in the agreements. These agreements are for the periods of 1 year and 2 years, commencing from the effective date as specified in each agreement and will expire in December 2024. By-Product Sales and Purchase Agreements The Company has Hydrogen sales and purchase agreements with a related party. Selling price in the agreements are determined based on Natural Gas price for the industry. The agreement is for the period of 19 years 9 months and will expire in December 2028. Utilities and Other Services Agreements The Company has 2 Power Supply agreements with 2 related parties. Selling prices in these agreements are determined based on reference price from the Provincial Electricity Authority. These agreements are for the periods of 2 years and 15 years, commencing from the date as specified in each agreement and expiring in September 2024 and June 2027, respectively. The Company has 8 Utilities agreements covering electricity, steam and demineralised water with a related party. These agreements are for the periods from 12 years to 19 years 9 months, commencing from the date as specified in each agreement and expiring from December 2028 to December 2038. The Company and subsidiaries have many Utilities agreements for the industries covering electricity, steam, and water for industrial use with 2 related parties. These agreements are for the periods from 1 year to 25 years, commencing from the date as specified in each agreement and expiring from December 2024 to June 2045 and one agreement is automatically renewed except for a cancellation through written notice by either party. The Company has Tank Farm Storage and Service Agreements with related parties covering utilities and transportation of product. These agreements are for the periods from 10 years to 20 years, commencing from the effective date as specified in the agreement and expiring from December 2031 to March 2039, with the service charge as stipulated in the agreement. Feedstock and Fuel Gas Sales and Purchase Agreements The Company and a subsidiary have various Natural Gas sales and purchase agreements with a parent company. The agreements are for the period from 1 year to 25 years, commencing from the date as specified in the agreement and expiring from March 2024 to December 2047. 279 PTT GLOBAL CHEMICAL PUBLIC COMPANY LIMITED Form 56-1 One Report 2023
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