January 27, 2023 April 24, 2023 August 8, 2023 November 28, 2023 GC hosts a meeting to welcome the FrenchMinister of Foreign Trade As the Chairperson of the France-Thailand Business Forum: (FTBF), GC’s CEO hosted a meeting to welcome H.E. Mr. Olivier Becht, the French Minister in charge of Foreign Trade, Attractiveness, and French Nationals Abroad, and H.E. Mr. Thierry Mathou, Ambassador of France to Thailand, along with the delegates. The objective was to strengthen the bilateral Thai-French relations through economic collaborations and promote investment opportunities and partnerships in the private sector. The FTBF played a crucial role in supporting the French government’s efforts to promote and attract investment through France’s 2030 policy framework, under which the French government had put in place measures to promote decarbonization-related projects along with budgetary support. The year 2023 was also designated as an important year for Thai-French cooperation in innovation under the theme “2023 Thailand-France Year of Innovation”. GC Congratulates allnex’s successful production line construction in a production hub inDushan Port, Jiaxiang, PRC GC extended its congratulations to allnex, a leader in sustainability and innovative plastic resin for industrial coatings, represented by Mr. Miguel Mantas, CEO of allnex, and Mr. Ruben Mannien, Senior Executive Vice President - Asia Pacific, for its successful production line construction for its production hub in Dushan Port. Located in Dushan Port Economic Development Zone in Pingchu in the province of Jinxiang, the People’s Republic of China, allnex’s new 100,000 sq.m. production hub includes 15 production lines that accommodate the manufacturing of eco-friendly High-performance resins, thus promoting green innovations and catering to the demand of China and the global market for plastic resins, coatings, and additives. Operating in strict compl iance with international environmental protection standards, the production hub began its commercial operation in Q4/2023 and will help bolster allnex’s presence in the Chinese market, enabling it to double its target by 2026 and achieve No. 1 position in the global industrial coating business. Driving Strategies to Seek New Opportunities to Foster Growth in New and Overseas Businesses GC collaborates with MHI to explore the utilization of hydrogen, ammonia, and CCS technology to develop a large-scale petrochemical plant to achieve Net Zero GC signed a Memorandum of Understanding (MOU) with Mitsubishi Heavy Industries Asia Pacific Pte. Ltd. (MHI-AP) to jointly study the technologies required to develop a largescale petrochemical complex in support of GC’s plan to drive robust and sustainable growth alongside its partners under the concept “Together to Net Zero,” where GC seeks to reduce GHG emissions by 20% by 2030 and achieve Net Zero by 2050. The MOU spans a duration of four years and includes two main objectives, which were 1) to conduct research to compare the feasibility of using hydrogen and ammonia as fuels for gas turbines as well as of using CCS technologies to reduce carbon dioxide emissions from power generators; and 2) to research how CCS technologies can best be applied and optimized for the Steam-Methane Reforming (SMR) process. GC and Kawasaki study and develop a hydrogen turbine generator project to achieve Net Zero by 2050 GC and Kawasaki s igned a Memorandum of Understanding (MOU) to study and develop a hydrogen turbine generator project to mitigate and slow down global warming in pursuit of Net Zero by 2050 at Chan Meeting Hall, 3rd Floor, Classic Kameo Hotel. The project was aimed at studying and developing the utilization of hydrogen turbine generators to produce low-carbon electricity from excess hydrogen in production across GC Group in place of natural gas. The project would be a tangible step towards decarbonization and t r ans f o rms t he production process into a low-carbon one. 22
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