What are Mission Vision & Core Values of PTT Global Chemical Company?

The mission highlights "Environmental-friendly innovation." This signals PTT GC's commitment to reducing its environmental footprint and developing sustainable products. This includes initiatives like biodegradable plastics and reducing emissions in production processes. This focus is increasingly important, with the global market for green chemicals projected to reach $120.6 billion by 2027.

The integration of "advanced technologies" is key. PTT GC invests in research and development to create cutting-edge products. This includes exploring new materials, improving production efficiency, and utilizing digital technologies for better resource management and process optimization. Recent reports show that R&D spending in the chemical sector is on the rise, with companies allocating an average of 3-5% of revenue to innovation.

The mission aims to "improve people's lives." This customer-centric approach means developing products that address real-world needs. This includes providing materials for safer packaging, more efficient vehicles, and sustainable construction. The company's focus on specialty polymers for various industries directly contributes to this goal.

The emphasis on "sustainable way" is crucial. PTT GC aims to balance economic growth with environmental and social responsibility. This involves reducing waste, conserving resources, and promoting ethical practices throughout its value chain. This is in line with the growing demand for sustainable products, with consumers increasingly prioritizing environmentally friendly options.

PTT GC's mission targets a broad customer base. The company's products serve industries like packaging, automotive, and construction. This diversification helps mitigate risk and allows PTT GC to adapt to changing market demands. The packaging industry alone is expected to reach $1.2 trillion by 2027, offering significant growth opportunities.

The unique value proposition lies in integrating environmental considerations with technological advancement. This approach allows PTT GC to offer sustainable solutions that meet evolving consumer needs. The development of biodegradable plastics exemplifies this commitment. Furthermore, PTT GC’s focus on specialty polymers for industries like automotive and electrical appliances contributes to higher value-added products.

The vision explicitly targets a leadership position within the global chemical industry. This implies a commitment to expanding its market share, technological innovation, and operational excellence on an international scale. PTTGC aims to be recognized as a top-tier player, influencing industry standards and practices.

The phrase "for Better Living" underscores PTTGC's commitment to sustainability and corporate social responsibility. It reflects a broader understanding of success that includes environmental stewardship, community engagement, and the development of products that improve quality of life. This includes initiatives aimed at reducing carbon emissions and promoting circular economy principles.

PTTGC's vision is supported by its strategic initiatives, such as the '3 Steps Plus strategy', which involves 'Step Change, Step Out, and Step Up.' These steps are designed to foster growth and sustainability. The company's investments in high-value and low-carbon businesses, such as Allnex and NatureWorks, are concrete steps towards achieving this vision.

A key component of "Better Living" is PTTGC's commitment to sustainability. The company has set a target to achieve net-zero greenhouse gas emissions by 2050. This commitment is a critical element of its vision, aligning with global trends and investor expectations regarding environmental responsibility.

As Thailand's largest ethane-based petrochemical producer and a key subsidiary of the PTT Group, PTTGC has a strong foundation for realizing its vision. The company's expansion plans include significant investments in both domestic and international markets. This is further elaborated in an article about Competitors Landscape of PTT Global Chemical.

Innovation in products and processes is essential to achieving the vision. PTTGC invests heavily in research and development to create new materials and technologies that support sustainability and improve quality of life. This includes exploring advanced materials and circular economy solutions.

PTTGC's strategic decision to expand into 'High-Value & Low-Carbon Businesses' through entities like Allnex and NatureWorks is a clear reflection of their mission to combine environmental-friendly innovation with advanced technologies for 'Better Living'. Allnex's expansion of production capacity in Zhejiang, China, and investment in a new facility in Mahad, India, set to be completed in Q3 2026, enhancing production and distribution of high-value coating resins in high-growth markets, directly supports the 'Step Out' strategy.

PTTGC's commitment to achieving net-zero greenhouse gas emissions by 2050, a key aspect of its 'Strive for the greater good' value, directly influences its product development and operational strategies. This is seen in their collaboration with Toray Industries to explore mass production technology for non-edible biomass-derived nylon, aiming for commercial manufacturing of several thousand metric tons annually by 2030, positioning PTTGC at the forefront of bio-based chemical innovation.

The company's focus on cost reduction and operational efficiency, aiming to reduce costs and increase revenue by THB 4.5 billion annually, is a practical implementation of its 'Take initiative to create better results' value and its broader goal of strengthening competitiveness. Securing an ethane supply agreement with PTT, expected to increase ethane flow by 20% in 2025, and optimizing asset utilization under an 'Asset Light' approach are key initiatives.

The development of Map Ta Phut as a 'Specialty Hub for Southeast Asia' aligns with their vision of becoming a 'Leading Global Chemical Company for Better Living' by enhancing Thailand's competitiveness in the chemical supply chain and attracting world-class partners. This strategic initiative directly influences market expansion and partnerships.

In Q1 2025, PTTGC reported a substantial improvement in its adjusted EBITDA to 5,377 million baht, more than doubling from Q4 2024, indicating positive traction from these strategic decisions amidst challenging market conditions. The company's consistent recognition in the Dow Jones Sustainability Indices for six consecutive years also serves as a measurable success metric, demonstrating the alignment of their values with actual performance in sustainability.

The consistent emphasis on sustainable growth, innovation, and competitiveness across various strategic initiatives and financial reports for 2024 and 2025 demonstrates a strong alignment of PTT Global Chemical's core values with its business strategy. This alignment is crucial for long-term success and stakeholder value creation. For more insights, explore the Growth Strategy of PTT Global Chemical.

Leadership plays a critical role in reinforcing PTT GC's mission and vision. Consistent messaging from top management ensures these principles are integrated throughout the organization. Communication is facilitated through various channels, including annual reports, sustainability reports, and investor presentations.

PTT GC maintains transparency through comprehensive reporting, including the 'Integrated Sustainability Report 2024,' which details strategies, management systems, and sustainability performance, aligning with global reporting standards like GRI and IFRS. This commitment to transparent reporting builds trust with stakeholders and demonstrates accountability.

PTT GC's core values are evident in its business practices. The company strategically aligns its actions with its stated values, ensuring that its operations reflect its commitment to its mission and vision. For instance, the company's focus on sustainability and the circular economy, as highlighted in their sustainability reports, further demonstrates this alignment.

PTT GC utilizes formal programs and systems to ensure alignment between its values and actions. The 'GC SPIRIT' framework, with its '4 Core Behaviors,' guides employee conduct and decision-making. The company's consistent high ratings in the Dow Jones Sustainability Indices (DJSI) for six consecutive years also demonstrate its commitment to integrating sustainability into its operations and measuring performance against global benchmarks. To learn more about PTT Global Chemical's history, you can read this Brief History of PTT Global Chemical.