GGC and BIG Forge Collaboration to Enhance Business Operations: Managing Greenhouse Gases with a Carbon Accounting Platform, Advancing the Strategy of “The New Chapter of GGC to be the Sustainable Growth Business”

• GGC and BIG have joined forces to advance business operations through digital platforms, focusing on managing greenhouse gases (GHG). Their aim is to reduce GHG emissions by 20 percent by 2030, aligning with the strategy of “The New Chapter of GGC to be the Sustainable Growth Business,” and ultimately achieving net-zero emissions by 2050. With a commitment to sustainability, the collaboration seeks to strike a balance between Environmental, Social, and Governance (ESG).
• The “Carbon Accounting Platform Development” project between GGC and BIG marks a significant milestone for both organizations. This collaboration is instrumental in setting and reviewing organizational strategies, enhancing product portfolios, and exploring new business directions for GGC and BIG. Through this project, they aim to increase operational efficiency, prepare environmental reports, formulate strategies to reduce greenhouse gas emissions, develop low-carbon products, and plan for future business operations in line with international standards.

Bangkok, March 28, 2024

Global Green Chemicals Public Company Limited (GGC) and BIG signed a memorandum of understanding and cooperation for the “Development of Carbon Accounting Platform” project. This collaboration entails the development and implementation of a platform to manage the organizations’ greenhouse gas emissions. By leveraging this platform, the companies aim to enhance the capabilities and efficiency of their personnel, prepare environmental reports, and formulate strategies to reduce greenhouse gas emissions in their production processes. Additionally, the project will facilitate the development of low-carbon products and guide future business operations systematically and in accordance with international standards.

Mr. Kridsada Prasertsuko, Managing Director of Global Green Chemicals Public Company Limited (GGC), unveiled that the collaboration between GGC and BIG aims to propel the organization towards a low-carbon society and foster environmental friendliness for sustainable development. Sustainability emerges as a new imperative, both nationally and globally. This mantle cannot be borne by any single private entity alone but necessitates integration, drawing upon knowledge and expertise from every sector. Through collaborative efforts, genuine sustainable development can be achieved, enriching the potential and quality of life for people across the nation.

Over time, GGC has steadfastly upheld sustainability principles, maintaining a harmonious balance between environmental stewardship and societal well-being under robust corporate governance, encapsulated as Environment, Social and Governance (ESG). Its operations are conducted sustainably and in alignment with international benchmarks, as exemplified by its A- rating in the CDP Climate Assessment. This year, GGC underwent its inaugural global sustainability evaluation by S&P Global Corporate Sustainability Assessment (S&P Global CSA), securing the 5th position among 355 evaluated companies in the chemical products sector. This underscores its stature as a globally recognized, sustainable entity. This ethos resonates with the vision “TO BE A LEADING GREEN CHEMICAL COMPANY BY CREATING SUSTAINABLE VALUE,” driving innovation in environmental products and fostering creativity for enduring sustainable value.”

Mr. Piyabut Charuphen, Managing Director of BIG, revealed that “BIG, as a leader in climate technology innovation and a pioneer in driving energy transition in the Thai industrial sector, is a member of the Air Products from the United States, committed to fostering global sustainability. It is undeniable that addressing climate change is crucial, and everyone must collaborate, especially the industrial sector. BIG has adopted the strategy of ‘GENERATING A CLEANER FUTURE’ to propel Thailand towards a low-carbon society, promoting efficient and sustainable energy usage. Therefore, a carbon accounting platform has been developed to monitor and reduce carbon emissions in the production process, addressing the sustainability needs of the industrial sector. The collaboration in deploying this carbon accounting platform is a significant step for the chemical products industry in reducing electricity consumption and can be used to plan for reducing carbon emissions from the production process, contributing to achieving the Net Zero goal by 2050.”

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About Global Green Chemicals PCL. (“GGC”)

Global Green Chemicals Public Company Limited, or GGC, is the leader in the biochemical industry and a leading company in the environmental chemical product industry. Moreover, as a Green Flagship company of the GC group, GGC strives to continue creating economic sustainability for the agricultural and industrial sectors of Thailand. Currently, the company’s main products consist of Methyl Ester (B100) blended with petroleum diesel fuel, with a production capacity of 500,000 tons per year; Fatty Alcohols, a main ingredient in the production of cosmetics, surfactants, and various pharmaceuticals, with a production capacity of 100,000 tons per year; and Refined Glycerine, which is an ingredient used in cosmetics and pharmaceuticals, with a production capacity of 51,000 tons per year. Our production bases are located in the Hemaraj Eastern Industrial Estate (Map Ta Phut), Rayong Province, and in the Thai Eastern Industrial Land, Chonburi Province.

About BIG

BIG, a Climate Tech Company, is a leader in industrial gas and greenhouse gas reduction technology. The company operates as a member of Air Products and Chemicals, Inc., a New York Stock Exchange (NYSE) listed company and a US Fortune 500 company that has consistently ranked in the Dow Jones Sustainability Index (DJSI) as a global sustainability leader for 13 consecutive years. Air Products’ unwavering dedication extends to providing top-tier industrial gas products, cutting-edge innovations, and gas utilization technologies to diverse industries. Moreover, Air Products leads as the largest investor in large-scale Green Hydrogen and Green Ammonia projects, including carbon storage technology, propelling the energy transition towards a Net Zero goal by 2050. For more information, visit www.bigth.com or www.airproducts.com