Message from our Chairman and MD
In 2020, the world is affected by the COVID-19 pandemic. This resulted in the economic slowdown. This has led to changes in business and society. And the fluctation of Crude Palm Oil prices and drought crisis, which directly impacts GGC’s business operations throughout the supply chain. Therefore, GGC has established measures to address such challenges overseas by Value Chain Management committee (VCM), which are responsible for supporting effective Supply Chain Management. In addition, in the drought crisis, GGC has undertaken various projects to manage water sufficiently for GGC’s business operations, including managing the need for water in all sectors. As a result of the aforementioned operations, in the year 2020, GGC was able to reduce water consumption by 12 percent, compared to the previous year.
GGC aims to be the leader in the Oleochemicals and Green Chemicals Industry. To support increasing the value of agricultural products and improving the livelihood of farmers, GGC has a key operation in 2020, Including the announcement of starting commercial operation date for the Refined Glycerine Plant ll, with production capacity of up to 20,000 tons per year to respond to the expansion of GGC’s market share of glycerin and to support raw glycerin produced from the Methyl Ester plant ll. Which was on December 1, 2020. In addition, GGC has developed a new products for cleaning and personal hygiene, such as hand soaps, alcohol gel disinfectants that contain pure Glycerin These are products that respond to changes in consumer behavior in the “New Normal” as well as a part of GGC’s social responsibility efforts.
GGC’s operates its business based on sustainability. As a result, The Company was awarded “Excellent” or Five Star Rating for three consecutive years from the Corporate Governance survey of Listed Companies 2020 under the supervision of the Thai Institute of Directors (IOD) and the Thailand Sustainability Investment (THSI) award from the Stock Exchange of Thailand and the financial and banking journal in 2020.
GGC also received the UN Global Compact certification by the United Nations as one of the 41 Global Compact LEAD companies with the high level of sustainable business practice. GGC is the only company in the Oleochemical Industry to receive this certification. This shows that GGC conducts business with environmental, social, and community responsibility, sustainably under the principles of good governance.
GGC continues to drive the business on GGC’s sustainable development plan by continuing the “Nakhonsawan Biocomplex Project” that will lead Thailand to become the first fully integrated Biohub of Asia. This is in line with the BCG model government policy, which supports the Bioeconomy, Circular Economy and the Green Economy holistically, with an emphasis on both domestic and foreign investment for biofuel first stage production. This focuses on creating added value to agricultural products to extend towards bioplastics and biochemicals by using modern technology in the second phase to create a balance in economic development along with sustainable social and environmental development, “Nakhonsawan Biocomplex Project” is expected to be completed and able to commercialize production in 2021.
On behalf of GGC, we would like to thank all stakeholders for their dedication and support for GGC as always. We aim to enhance farmers’ quality of life through GGC’s operations, while creating value for stakeholders, communities, society, as well as protecting the environment for sustainable growth.