According to the company’s website press release on January 31, 2023, PTT Group Joins Forces to Create Business Value Added and Sustainable Operations So it was a collaboration in the ceremony. Signing a memorandum of understanding on business cooperation and sustainable development projects between PTT Global Chemical Public Company Limited (GC) and PTT Oil and Retail Business Public Company Limited (OR) covering 4 areas of cooperation. namely the development of knowledge on sustainability Energy security Sustainable business operations throughout the value chain And in terms of business development, at the event, there was Mr. Auttapol Rerkpiboon, President and Chief Executive Officer, PTT Public Company Limited or PTT, presided over the ceremony, Dr. Kongkrapan Intarajang, President and Chief Executive Officer, GC and Disatat Panyarachun, OR Chief Executive Officer signed the MOU at the Product Cooperation and Development Center (CSC), Energy Complex Building.
Mr. Auttapol Rerkpiboon, CEO of PTT, said, ”that this collaboration between the two organizations under the PTT Group is in line with the PTT Group's strategy of bringing together the strengths of each organization to create added business value together. GC is a leader in the international chemical business. There are innovations that are friendly to the environment along with advanced technology used in product development. And is a model organization in sustainability, together with OR is a leader in the oil and retail business in Thailand. has a nationwide consumer base Therefore, it is a great pleasure for this collaboration. It is hoped that the results will be extended to synergy among PTT Group's organizations in various dimensions. again in the future to benefit the organization and the country.”
Dr. Kongkrapan Intarajang, CEO of GC, said, “GC is committed to conducting business with sustainability under the balance between environment, society, economy and good governance. Aiming for a low carbon business (Low Carbon Business) to grow while reducing greenhouse gases (GHG). It brings together the potential and strengths of GC in many dimensions, both in sustainability operations that are internationally recognized. in manufacturing with a wide range of chemical products Especially environmentally friendly products such as bioplastics with the world's number 1 production capacity, the largest global standard recycled plastic in ASEAN. There is also a comprehensive used plastic waste management platform (YOU Turn Platform) combined with OR that has strengths, specializes in business models, and has a physical platform that can reach consumers. just the beginning and believes that it will be able to achieve its objectives to create value and grow sustainably together.”
Disatat Panyarachun, CEO OR, said, “this collaboration with GC is in line with OR's concept of synergy of businesses both inside and outside PTT Group, or Synergy for Impact, and opens the door for cooperation to grow together. By using the strengths of both OR and GC in 4 areas: knowledge development in sustainability (Knowledge), energy security (Energy), sustainable business cooperation throughout the value chain (Synergy), and Business Development Collaboration (Explore) In addition, this collaboration is in line with the way to create a sustainable future through OR's SDGs that will effectively meet the OR 2030 goals. Especially in the "G" or "GREEN" aspect that aims to create a healthy environment (Healthy Environment) to achieve carbon neutrality. (Carbon-neutrality) by 2030, which will lead to the goal of becoming a net carbon zero organization in 2050.”
For business cooperation and sustainable development projects in 4 areas:
- Cooperation in the development of knowledge on sustainability by GC sharing knowledge and experience, as well as giving advice to enhance the knowledge in sustainability operations and Decarbonization that complies with international standards and OR shares knowledge in designing business models and marketing communications to grow together with society and communities throughout the value chain
- Energy security cooperation It is a cooperation in the energy supply chain, such as the production, procurement and trading of refined oil and alternative energy products.
- Sustainable business cooperation throughout the value chain, for example, jointly expanding the results of comprehensive used plastic management with GC's YOUTURN Platform and OR's Yak Lak Yim Project to bring it into the process. recycled and produced into value-added products Ready to help reduce plastic waste problems along with reducing greenhouse gas emissions. and jointly study and develop the use of sustainable materials and packaging. To be used in OR's retail business group, including the collaboration in expanding the EV Station Pluz electric charging station and FIT Auto maintenance service station. Also, jointly study and develop the use of OR products such as lubricants in factories and equipment. Various in GC's factory
- business development cooperation Jointly study the feasibility of business development to promote the value chain in the OR retail business group by using raw materials from the GC group.
By joining forces to create business cooperation and sustainable development, both GC and OR will be able to create additional business value. Along with taking care of the environment and society for sustainable growth together.
