GC Publicizes 2023 Enterprise Plan, Striving for Sustainability “Higher for You, Higher for Our World”

BANGKOK, March 3, 2023 /PRNewswire/ — Dr. Kongkrapan Intarajang, Chief Govt Officer and President of PTT International Chemical Public Firm Restricted, or GC, introduced the 2023 marketing strategy striving for sustainability from the idea “the Nearer, the Higher” to answer all walks of life and progress in the direction of “Higher for You, Higher for Our World”, reflecting chemical innovation creativity and superior merchandise for at this time and the longer term. GC is firmly dedicated to doing good for all and might be doing it higher this 12 months to assist maintain the earth. From the earlier 12 months, there have been many exterior challenges, this 12 months GC will give attention to rejuvenation and preparations to face 2023, by setting its sights in driving its enterprise by way of its 3-Steps Plus Technique: Step Change, Step Out, and Step Up, with allnex, a world chief in coating resins and components as certainly one of its progress platforms, with their sturdy monetary standing and a diverse portfolio, to satisfy the worldwide megatrends agenda.

Step Change

2023 mission progress are as follows:

• Olefins 2 Modification Challenge that can allow the Olefins 2 Unit to moreover make the most of propane as feedstock. This mission is in step with GC’s technique to reinforce feedstock flexibility in addition to enhancing long-term aggressive capabilities. Industrial operations is anticipated to start in Q1/2023.

• HMC PP Line 4 Challenge of HMC Polymers Firm Restricted, to extend polypropylene resins manufacturing capability by an extra 250,000 tons every year. Industrial operations started in December 2022.

• 2^nd PLA Bioplastics Plant Development Challenge of Natureworks Firm Restricted, in Nakhon Sawan Province, with a capability of 75,000 tons every year. Industrial operation is anticipated to start in 2023.

• Excessive-Finish Engineering Plastics Manufacturing Challenge of Kuraray GC Superior Materials (KGC), for which GC entered right into a joint-venture partnership with Kuraray Firm and Sumitomo Firm of Japan. Industrial operations started in Q1/2023, producing 13,000 tons every year of Excessive Warmth Resistant Polyamide-9T (PA-9T) and 16,000 tons every year of Hydrogenated Styrenic Block Copolymer (HSBC). This is likely one of the future industries focused for the worldwide megatrends.

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Step-Out

The technique to proceed to hunt out alternatives, after the success in buying allnex to provoke progress in a brand new enterprise or new nation by adjusting the organizational construction to arrange the worldwide enterprise arm as a way to additional the corporate’s progress by specializing in future industries with a aim to hunt out worldwide enterprise growth, to handle shoppers’ necessities in step with the worldwide megatrends, and to organize for the institution of the Thailand Innovation Hub that shall be middle of analysis, improvements, and leading edge know-how for allnex to foster regional progress in Asia.

Step Up

GC’s roadmap to realize the carbon emission discount goal for 2030:

• Effectivity-driven: implement initiatives to scale back GHG emission and uplift effectivity of a number of initiatives to make the most of vitality corresponding to vitality financial savings mission, Maptaphut Integration (MTPI) Challenge, and the GHG emission discount by way of alternate vitality utilization mission.

• Portfolio-driven: forge forward in portfolio realignment to give attention to low carbon companies by investing within the Excessive Worth Enterprise (HVB) and companies that align with the Round Financial system precept and in search of out alternatives to leverage synergy for max worth from companies, markets, and applied sciences, i.e., allnex that GC has already acquired has a excessive profitability and skill to satisfy shopper necessities within the megatrends.

• Compensation-driven: persevering with to implement initiatives to rehabilitate and strengthen the steadiness of the forest ecosystem in cooperation with governmental, personal, and social companies, and numerous communities, since 2013 and overlaying greater than 2,500 rai, i.e., planting 80 rai of timber within the Eco-Forest Rayong Wanarom Challenge in accordance with the Eco-Forest precept, and fostering collaboration with community companions and investing in Company Enterprise Capital (CVC) to entry Carbon Seize Utilization and Storage (CCUS) know-how and innovation.

2022 Efficiency

Efficiency in 2022 yielded a gross sales income totaling 678,267 million Baht, rose by 46%, and in 2022, GC achieved an working revenue (excluding inventory loss and loss from adjusting the worth of inventories to equal the online price to be obtained, accounting losses on international change and beneficial properties on monetary derivatives, losses on derivatives for hedging, and different particular objects) of 18,984 million Baht.

• GC achieved monetary success by issuing and providing of Thai Baht debentures within the quantity of 30,000 million Baht to institutional traders and enormous traders in January 2022, 1.3 billion US {Dollars} debentures in March 2022, public providing of 7-year debentures within the quantity of 17,000 million Baht in July 2022, signed a mortgage settlement with a industrial financial institution within the quantity of 27,000 million Baht in September 2022, and GC’s first sustainability-linked mortgage with a credit score restrict of 15,000 million Baht to assist GC’s sustainability operation. Moreover, GC’s 1.3 billion US {Dollars} debentures and sustainability-linked loans obtained The Asset Triple A Nation Awards for Sustainable Finance 2022 from The Asset journal.

• Advantageous-tuning GC’s enterprise portfolio has been ongoing to assist the strategic plan drive by specializing in the petrochemical enterprise operation and in search of cooperation with new enterprise companions.

Success in Sustainability

In 2020 GC obtained worldwide awards and sustainability certificates corresponding to:

• GC is the primary worldwide chemical enterprise in Asia to be ranked primary for 4 consecutive years within the Chemical Enterprise Group of the Dow Jones Sustainability Indices (DJSI), by way of enterprise operations integrating sustainability in accordance with ESG pointers in all 3 areas: Environmental, Social, and Governance & Financial, reiterating its dedication to being a great group, conducting companies responsibly, and sustainably creating good worth for the world.

• S&P International Sustainability Award 2022, Gold Class within the Chemical Enterprise, the very best stage in S&P International’s world sustainability evaluation. With operations that prioritize sustainability by way of a steadiness of economic system, society and surroundings – the cornerstone of sustainability – to assist drive the group towards its objectives.

• The primary and solely Thai firm within the Chemical Enterprise to be ranked by CDP because the chief in Water Administration (A Degree) and in Atmosphere Administration on Local weather Change (A- Degree).

Higher for You, Higher for Our World

This 12 months, GC has made additional progress with its enterprise companions in numerous sectors, such because the Collaboration Challenge between GC and PTT Oil and Retail Enterprise PCL (OR) as sustainability companions to develop sustainability data, guarantee vitality safety, and conduct sustainable enterprise all through the worth chain and develop companies collectively, and the Challenge on Sustainable Growth Cooperation and Enterprise Alliance with Thai Airways Worldwide Public Firm Restricted, to develop data on sustainability within the round economic system, to check and develop using sustainable jet gas, and partnership in companies and travels.

Along with collaborating with organizations, GC can be cooperating with alliances and companions on numerous initiatives for instance, Upcycling Upstyling, lowering used plastics by way of the YOUTurn Platform with communities and faculties, in addition to selling the nation’s Web Zero Mission to scale back greenhouse fuel emissions in its collaboration with the Ministry of Pure Assets and Atmosphere in planting mangrove forests, and planting timber underneath the idea of The Extra You Plant, The Extra Good You Do,  to show the waste dumps into forests with the Bangkok Metropolitan Administration.

#BetterForYouBetterForOurWorld  #GCChemistryforBetterLiving

Keep up to date on GC information by way of: LINE: @GCofficial / Fb: GC / Web site: www.pttgcgroup.com

SOURCE PTT International Chemical Public Firm Restricted