Chemicals Ethanolamine (EA) Derived from EO, EA primarily comes in the form of either monoethanolamine (MEA), diethanolamine (DEA), or triethanolamine (TEA). EA products are used as ingredients for the production of shampoos, hair conditioners, fabric softeners, and cosmetic products, as well as in pharmaceutical and cement industries, among others. GC’s EA plant is located in WHA Eastern Industrial Estate in Rayong. The nameplate capacity is as shown in the table below. Policy and Marketing For EA, the policy is to sell its products primarily to domestic business owners at prices and under trade conditions that are competitive with other manufacturers, focusing on creating maximum added value from EO products. In 2023, approximately 50% of the EA products were sold domestically, accounting for around a 34% share in the domestic market. The remaining volume was exported to markets in countries yielding maximum benefits in each region, such as Southeast Asia and Australia. Polyols Polyols are downstream petrochemicals used as feedstock for the production of polyurethane (PU). They are sold both in the form of feedstock and as Premix Polyols – a mixture of various polyols and additives co-developed with customers to achieve desired properties, such as the softness of PU foam during molding. GC produces polyols through GC Polyols Co., Ltd. (GCP), a joint venture between GC, Sanyo Chemical Industries, and Toyota Tsusho Corporation Thailand. The main strategy is to become an integrated manufacturer of feedstock for PU and cater to the rising demand in the market. Policy and Marketing GCP is a polyol producer that has received production technology and formulation from Sanyo Chemical Industries, a joint venture partner. It seeks to create customer bases both domestically and internationally through the sale of standard-grade products and highgrade R&D products. GC has exported its polyols to 19 countries worldwide, namely India, Vietnam, Indonesia, Malaysia, China, Peru, Brazil, Bangladesh, the Philippines, Tu.. rkiye, Singapore, Sri Lanka, Nepal, Pakistan, Taiwan, Nigeria, Japan, Australia, and the United Arab Emirates. Company Product Nameplate Capacity (thousand tons per year) GCP Polyether Polyols (PPG) 130 Polymer Polyols (POP) 30 Premix Polyols (PM) 20 In 2023, GC commercially operated a plant located in WHA Eastern Industrial Estate, Rayong. The nameplate capacity is shown in the table below: Company Product Nameplate Capacity (thousand tons per year) GC Ethanolamine (EA) 50 55 PTT GLOBAL CHEMICAL PUBLIC COMPANY LIMITED Form 56-1 One Report 2023
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