Bangkok: PTT Global Chemical Public Company Limited (GC) has announced its financial results for the second quarter of 2025, showcasing an adjusted EBITDA of 6.083 billion baht, which marks a 13% increase from the previous quarter despite ongoing global economic and industrial challenges.
According to Thai News Agency, GC has attributed this financial performance to advancements in operational capabilities and a strategic focus on holistic optimization. The company is committed to developing high-value, low-carbon businesses as part of its long-term strategic vision. This approach is supported by positive external factors emerging in the petrochemical industry, including improvements in international trade clarity and China's implementation of its Anti-Involution policy, which aims to eliminate non-value-creating competition.
Mr. Narongsak Jivakanan, CEO of GC, highlighted the company's strategic adaptation to industry challenges through innovation, digital technology adoption, and business strategies focused on sustainability. In Q2 2025, GC reported total sales revenue of 133.381 billion baht, mirroring the previous quarter's figures. The company's robust financial management is further evidenced by its operating cash flow of 18.505 billion baht and cash and current assets surpassing 27.888 billion baht as of the end of June 2025.
GC's operational transformation is driven by digital technology across various domains, including smart plant operations, plant-wide optimization, AI-driven inspections, and enhanced marketing strategies. These efforts aim to boost efficiency, reduce costs, and enhance safety, ultimately supporting the company's drive toward sustainable growth.
In pursuit of sustainable operations, GC has initiated strategic projects such as the utilization of cold energy from liquefied natural gas (LNG) in its olefins production, in partnership with PE LNG Co., Ltd. This project is projected to improve energy efficiency and reduce carbon emissions by over 60,000 tons annually, with commercial operations slated for 2027.
The specialty chemicals business remains a focus, with GC leveraging allnex's capabilities to expand in high-growth markets and enhance operational efficiency globally. Research and development efforts are concentrated on offering environmentally friendly coating solutions, aligning with industry sustainability trends.
GC has also made strides in the biorefinery sector, with Thailand's first sustainable aviation fuel (SAF) facility now in operation. Collaborations with HMC Polymers aim to develop bio-propylene products for various high-value applications.
The company's commitment to sustainable growth is underscored by recent accolades from the ASEAN Corporate Governance Awards 2025, recognizing GC's adherence to good governance, transparency, and environmental responsibility.