PTT Global Chemical Public Company Limited or GC (SET: PTTGC) reported its operating results for the first quarter of 2026, posting total revenue from sales of THB 146,936 million and net profit of THB 3,232 million. The results reflected continued production operations, supported by efficient feedstock management and supply chain continuity, amid a challenging business environment marked by global economic volatility, fluctuating energy prices, and geopolitical tensions.
Mr. Narongsak Jivakanun, Chief Executive Officer of GC, said, “The Company’s first-quarter operating results reflect GC’s ability to maintain business continuity and product delivery, with priority given to domestic customers amid a highly volatile business environment. Our integrated value chain structure remains a key strength, enhancing flexibility in feedstock management, production, and supply chain operations, while continuing to support Thailand’s industrial sector.”
GC continues to advance its strategic initiatives, focusing on enhancing feedstock flexibility and improving overall efficiency, while reshaping its portfolio toward high-value and low-carbon businesses. This includes a stronger focus on Specialty Chemicals through allnex, as well as Green, Bio & Circularity businesses, to strengthen long-term resilience and drive sustainable growth.
Driving Growth in High-Value Businesses While Reducing Business Volatility
allnex continues to play a key role in strengthening the stability of GC’s business portfolio amid volatility stemming from the situation in the Middle East. Its globally diversified manufacturing base, asset footprint, and supplier network across multiple regions have enabled allnex to maintain its competitiveness despite ongoing geopolitical tensions.
At the same time, growth projects across key regions, including the Americas, Europe, and Asia-Pacific, continue to progress as planned, reinforcing allnex’s role as a key driver of the Specialty Chemicals business. This helps reduce GC’s exposure to commodity business volatility while supporting its long-term transition toward higher-value businesses.
Advancing Low-Carbon Business Growth While Reducing Reliance on Fossil-Based Feedstocks
GC continues to advance its low-carbon business initiatives as part of its Sustainable Portfolio strategy, focusing on creating differentiated sustainable materials, including bioplastics, recycled plastics, and solutions that help reduce reliance on fossil-based resources.
One of the key milestones is the launch of NatureWorks’ fully integrated PLA bioplastics plant at the Nakhon Sawan Biocomplex, with a production capacity of 75,000 tonnes per year. Using sugarcane as its primary feedstock, the facility represents a significant step in elevating Thailand’s agricultural sector and positioning the country as a regional hub for bioplastics production in Asia, while supporting growing demand for low-carbon materials.
Amid the energy crisis and volatility in fossil-based feedstocks, alternative materials are gaining increasing attention and importance, not only from an environmental perspective but also to enhance long-term supply chain resilience. Against this backdrop, GC’s continued advancement of bioplastics, recycled plastics, and other sustainability solutions in line with its strategic direction creates significant opportunities to drive future growth, strengthen differentiation, and support the transition toward a low-carbon business model.
Creating Differentiation Through Innovation Toward Global Sustainability
GC continues to differentiate itself through innovation and sustainable development under its “GC StandOut Through INnovation” concept, aiming to create long-term value for the economy, society, and the environment.
This commitment is reflected in GC’s ranking among the world’s top 1% in the S&P Global Corporate Sustainability Assessment (CSA) for the Chemicals sector for the seventh consecutive year. GC is also the first company in the world to maintain this leadership position for the longest continuous period. In addition, the company has been selected as a Sustainability Yearbook Member 2026 for the 13th consecutive year.
GC has also been included in leading global sustainability indices, including the Dow Jones Best-in-Class World Index (DJ BIC World) and the Dow Jones Best-in-Class Emerging Markets Index (DJ BIC Emerging Markets, reinforcing the company’s ability to integrate sustainability into its business strategy while driving stable growth globally.
