We study thick subcategories of the category of 2-term complexes of projective modules over an associative algebra. We show that those thick subcategories that have enough injectives are in explicit bijection with 2-term silting complexes and complete cotorsion pairs. We also provide a bijection with left finite wide subcategories of the module category and prove that all these maps are compatible with previously known correspondences. We discuss possible applications to stability conditions.