At the 2023 FlexPO+ (now incorporated into the ADI Forum), Srini Godavarthy, VP, Strategic Planning, Portfolio Management, and Finance, PTT GC, discussed the company’s future investments priorities. PTT GC was shifting from base chemicals to high-value specialty products, focusing on coatings, engineered plastics, and bioplastics. They were also strategically transforming their portfolio by committing significant investment over the next 25 years towards decarbonization and a shift to value-added, high-end specialty products.
This move away from less profitable base chemicals aimed to maintain earnings profitability. The strategy involved improving base business performance, enhancing profitability through acquisitions and ventures in North America and Europe, and investing in advanced recycling and CO2 capture technologies. A key aspect of their North American strategy, particularly in the US, was not just the energy advantage but also access to a unique talent pool for specialty industries, which Thailand currently lacks.
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