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Fund profile

GC Ventures

GC Ventures

Chatuchak, Thailand

Not leading

About

PTT Global Chemical (PTTGC), a flagship company under Thailand's PTT Group, is a leading integrated petrochemical and refining business in the Asia-Pacific region. Established in 2011, PTTGC has developed a diverse portfolio that spans across olefins, aromatics, refining, and biochemical products, making it Thailand's largest in its sector. They are known for their strong focus on sustainability, as evidenced by their continuous top ranking in the Dow Jones Sustainability Indices (DJSI) for the Chemicals sector over several years. Their vision is to be a "Leading Global Chemical Company for Better Living," focusing on innovations that improve life quality while fostering environmental responsibility. PTTGC has actively adopted the principles of the circular economy and has set ambitious climate goals. The company aims to achieve a 20% reduction in greenhouse gas emissions by 2030, with a long-term goal of net-zero emissions by 2050. This is part of their "Together to Net Zero" roadmap, which includes investments in sustainable technologies, efficient resource management, and circular living initiatives that promote recycling and waste reduction. Strategically, PTTGC leverages its relationship with PTT for secure feedstock supplies, competitive cost structures, and geographical advantages, particularly in the Map Ta Phut Industrial Estate. Moreover, they continue to expand their global footprint through strategic acquisitions, such as the purchase of Allnex, a leading industrial coating resins company, which broadens their portfolio in specialty chemicals and green technologies, aligning with their sustainability goals. Overall, PTTGC combines its robust operational base with forward-thinking strategies to maintain a competitive edge, driving innovation and sustainability across its global operations​.

Details

Average check

$3M-$10M

Round

Pre-Seed
Seed
Series A
Series B
Series C+

Previous Investments

CleanTech & Sustainability
Consumer Goods & Electronics
Natural Resources

Highlights

$8M

Historical average check

$8M

Historical max check

May 2023

Last investment date

1

Investments

Natural Resources

Consumer Goods & Electronics

CleanTech & Sustainability

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Contacts

Website

pttgcgroup.com

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