PTT Global Chemical Public Company Limited (GC) is pushing ahead with a new growth strategy designed to strengthen its core petrochemical businesses while rapidly expanding higher-value Specialty and Green & Bio businesses amid persistent global volatility.

 

The company said its integrated value chain, feedstock flexibility, technology, innovation and decades of industry expertise have helped it remain resilient despite geopolitical conflicts, energy-market turmoil, supply-chain disruptions, inflation and trade measures.

 

GC delivered a sharp improvement in earnings in the second quarter of 2026, posting THB 26.932 billion in Adjusted EBITDA, up 81% from the previous quarter, while net profit reached THB 12.208 billion. For the first half, Adjusted EBITDA totaled THB 41.777 billion, with net profit at THB 15.440 billion.

 

Narongsak Jivakanun, Chief Executive Officer of GC, said, “Volatility and uncertainty will remain part of the business environment in the years ahead. What matters is not simply responding to immediate situations, but preparing the organization to be resilient, anticipating shifts in the industry, and continuously taking action to strengthen our readiness. 

 

"Strength from within will enable us to navigate whatever volatility may arise in the future. GC has consistently built the foundations that matter—from our Integrated Value Chain and Feedstock Flexibility to digital technology, innovation, and partnerships. Today, these capabilities are coming together as one, forming an important foundation for GC’s new chapter of growth.”

 

GC is reinforcing its core operations through its integrated value chain and ability to switch between gas- and liquid-based feedstocks, giving the company greater flexibility to manage costs and strengthen supply security.

 

Its planned ethane imports from the United States remain on track, with shipments scheduled to begin in 2029.

 

The company is also expanding its Holistic Optimization program across procurement, supply chains, production, sales, marketing and internal processes. Its “Digital 3 Smarts” strategy — Smart Plant, Smart Sales & Marketing and Smart Work Process — is being deployed to drive efficiency and sharpen competitiveness.

 

The results are already showing. GC generated more than THB 7 billion in benefits in 2025, surpassing its THB 5.5 billion target. It is targeting a further THB 4 billion in additional revenue and cost reductions in 2026.

 

Financial discipline remains another priority, with GC using asset monetization, capital management and long-term debt restructuring to strengthen its balance sheet and create room for future investment.

 

For 2026–2030, GC plans to fundamentally rebalance its portfolio, targeting a shift in the mix of Commodity and Specialty businesses from roughly 80:20 to 70:30 by 2030.

 

The strategy spans all major business groups.

 

The Upstream and Intermediates business will build on its biorefinery capabilities while exploring further integration between refining and petrochemicals.

 

In Olefins and Polyolefins, GC is studying a potential joint venture with SCGC aimed at boosting competitiveness. If completed, the venture would become a major ASEAN producer, strengthen downstream supply security in Thailand and the region, and rank among the world’s top 10 producers by combined olefins and polyolefins capacity. The feasibility study is expected to conclude toward the end of the third quarter of 2026.

 

In Specialty, GC is positioning allnex as a key growth platform.

 

In Green & Bio, the company is leveraging more than a decade of experience to move further into Bio Specialty products.

 

Across the organization, GC plans to expand Holistic Optimization through Company-wide Enhancement, targeting an additional US$300 million in annual EBITDA uplift by 2030.

 

GC is betting heavily on allnex to unlock its next wave of Specialty growth.

 

The business outperformed plan in the first half of 2026 as it advanced cost restructuring, portfolio optimization and expansion into technologies where it holds strong competitive advantages.

 

In Thailand, allnex is expanding production of Sagging Control Agent (SCA) at Map Ta Phut in Rayong. The facility will be its first SCA production base outside Europe, bringing advanced technology and manufacturing capabilities to Thailand.

 

The move is designed to bring production closer to customers across Asia-Pacific, meet rising demand, diversify allnex’s manufacturing footprint and reduce supply-chain risks.

 

allnex is also expanding elsewhere in Asia. Its China Hub in Jiaxing, its largest manufacturing site globally, has exceeded expectations, while its India Hub in Mahad is undergoing capacity expansion.

 

GC is also accelerating its Green & Bio business, building on capabilities developed over more than a decade across feedstocks, technology, innovation and supply chains.

 

Its portfolio spans biofuels, biochemicals, bioplastics, oleochemicals and recycled plastics.

 

NatureWorks recently opened a fully integrated PLA biopolymer manufacturing facility at the Nakhon Sawan Biocomplex, connecting Thailand’s agricultural feedstocks with advanced biotechnology to produce higher-value materials.

 

GC is also building on the capabilities of GGC and Emery Oleochemicals in plant-based chemicals, while ENVICCO, Thailand’s first producer of high-quality recycled plastic resins and food-contact-grade recycled resins, is now operating at full production capacity.

 

The next step is Bio Specialty, with GC pursuing high-growth innovations designed to provide sustainable solutions for customers while improving industrial efficiency and environmental performance.

 

At the center of GC’s next phase is Map Ta Phut, which the company aims to transform from an established industrial base into a platform for higher-value growth across Asia-Pacific.

 

Under its MTP Transformation strategy, GC plans to leverage Map Ta Phut’s infrastructure, established networks and broad industrial ecosystem spanning petrochemicals, Specialty Chemicals and Green & Bio.

 

The company said the platform will allow it to connect its capabilities with global technologies and partners, serve demand from high-value end markets and strengthen Thailand’s position in the future Asia-Pacific chemical industry.

 

Narongsak added, “GC’s new chapter of growth will not be driven by any single project. It will come from bringing together the strengths we already have—from our existing businesses, technology and innovation, and the capabilities of our people, to our global network and business partners. We are taking concrete action across each of these areas in line with our strategic direction, so that GC remains strong today while becoming even better prepared to grow in the future.”