Climate Partnership with External Parties
Water Management in Eastern Economic Corridor (EEC)
GC has taken part in resolving the problem of water shortage in eastern Thailand. In doing so, GC has collaborated with a network of government, private and industrial sectors, such as Water and Environment Institute for Sustainability (WEIS), Federation of Thai Industries (FTI), Water War Room and Maptaphut Plant Manager Club (PMC), etc., to drive and define guidelines and policies that focuses on an integrated and sustainable approach to water management, appropriate prioritization of water sourcing, and cooperation with communities to conserve and restore watershed sources. Such collaboration to solve water shortage crisis has contributed to GC’s uninterrupted production throughout the value chain despite confronting environmental problems, especially local water shortage.
GC-VISTEC Collaborations on Carbon Dioxide Utilizations
Since 2016, GC and the Vidyasirimedhi Institute of Science and Technology (VISTEC) have collaborated in research and development (R&D) to utilize carbon dioxide (CO2) emissions from the manufacturing process. In 2019, the GC-VISTEC collaboration has accomplished the catalyst development to value-added products from carbon dioxide and olefins, such as lactones, unsaturated arboxylic acid, self-healing polyurethane, and cyclic carbonate. Five patents have been filed as a result of this achievement. In the past year, GC has also expanded cooperation in specialty polymer synthesis, such as Aliphatic Polycarbonate for coating, in accordance with its new business plan for the High Value Business (HVB) group.
Carbon Capture Utilization and Storage (CCUS)
GC has established cooperation with its partner network to study methods of adopting the Carbon Capture and Storage (CCS) technology. This high-performance technology holds an annual storage capacity of up to millions of tons of CO2 from the production process and relies on permanent geological storage. At the same time, GC also studies the feasibility of CO2 utilization as another means of creating business opportunity.
GC plans to invest in CCUS startups through Corporate Venture Capital (CVC) to explore new technology with higher efficiency and less costs in order to achieve its greenhouse gas emissions reduction target. Accordingly, GC aims to use CCUS technology to capture 6.30 million tons of CO2 by 2050.
Climate Partnership with Business Partner
The development of plastic resins and molding process for producing a thin film
GC has continuously executed the project in collaboration with other partners in the value chain, including the downstream converters and designers of plastic related products, to ensure completeness of product life-cycle management, specifically product end of life. The example of success metric and positive outcome includes the development of plastic resins and molding process for producing a thin film, which is used to produce plastic bags. In addition to its robustness, this plastic bag also reduces the use of resources, energy, greenhouse gas emissions in the production process, and production cost. The beneficial outcomes from the project throughout the value chains include
Reduced use of plastic resins by approximately
Reduced production costs of thin film, plastic bags, and transportation costs by approximately
Due to the effective Climate Partnership along the supply chain, GC has been assessed and awarded by the Ecovadis with Gold Recognition Level in the environment, social and good governance dimensions, with an overall score in the top 5 percent (level A). Moreover, GC has been certified with Green Industry Level Five: Green Network, which is the highest level granted by the Ministry of Industry, accountable for the company that has expanded the scope of the green industry from internal to external company and throughout the supply chain.