1) Transitioning to low carbon and sustainable business is critical for long term competitiveness. Decarbonization will be one of the key drivers of the next industrial revolution. 2) PTT Global Chemical is developing pathways to become a net zero company by 2050, including reducing emissions 20% by 2030, pursuing efficiency gains, adjusting its portfolio, and compensating remaining emissions through carbon capture and offsets. 3) PTT is also developing circular economy and bio-based solutions to create more sustainable end products and manage plastic waste, while aiming to invest over $25 billion towards reducing emissions and growing its low carbon portfolio.

1. การขับเคลื่อน
ธุรกิจคาร์บอนต่าและยั่งยยืน
(Low Carbon and Sustainable Business)
Natthakorn Kraikul, Ph.D.
18 มีนาคม 2565
#Season 2: กลุ่มธุรกิจ การเงิน และกลุ่มปิโตรเคมีและเคมีภัณฑ์ Jul 12th, 2022
PTT Global Chemical PLC.
Vice President, Decarbonization Center of Excellence

2. 2
>4° 2° 1.5°
Global warming
by 2100
GDP per capita
in 2100
relativeto no
additionalwarming
-30% -13% -8%
Current path Paris goal Paris ambition
Climate Change & Global Warming
The event that will change our livings

3. 3
Source: Adopt from BCG analysis (2021)
Value Protection Value Creation
• Cost saving
• Being well prepare for climate impacts:
Physical & transition risks
• Develop credibility & reputation with
external stakeholders
• Attracts ESG-conscious consumers
• Create new revenue stream
• Attract top talents
• Access to green financing
Decarbonization
then become one of the
critical drivers that create
new industry revolution Others…
Decarbo-
nization
US
#1
Shale Gas
#2
Crude to Chemicals
#3
Digital Revolution
Short term competitiveness
#4
Sustainability
Long terms competitiveness
China, ME Global Global
ESG

4. 4
Global Decarbonization
requires a combination of two approaches
Circular Economy
10 BT o Recycle & renewable resources
o Resources efficiency
o Eco & durable design
o Before & after end-life mgmt
- Sharing
- Maintenance
- Reuse
- Refurbish
- Recycle
Climate Actions
28 BT o Energy efficiency
o Renewable energy
o Electrified transport
13BT o New technologies
o Carbon capture, use, and
storage (CCUS)
Source: Adopt from Ellen MacArthur Foundation (2021)
51BT
Global GHG emissions per year
projected by 2050

5. PTT Global Chemical
Public Company Limited
Chemistry for Better Living
GC
2021 Revenue 465,128
Million Bath
The 1st company in
Thailand
The only company in
chemicals sector of Asia
Climate & Water
1 Global bioplastics
manufacturing capacity
For 3 consecutive years in
chemical sector (2019-2021)
No. 1
No. PBS
PLA
5

6. 6
Our
Products
Touch
Life &
Livings Climate Change &
Energy Transition
Demographic
Shift
Health & Wellness Urbanization Disruptive
Technology
In accordance with the megatrends
Performance Chemicals
Advanced solutions
Waterborne Packaging Coating
Reduce
Single-Use
Polymers & Chemicals
Value-added applications
PPE Gown
Bio & Circularity
Alternative Solutions:
Stop the waste: recycling / upcycling
Upstream
Intermediates
Fulfill Basic Needs
Petro-based
Bio-based
Remark:
Field
Bed

7. Chemistry for Better Living
GC
7
Value Creation
Integration
Disclosure
integrates sustainability
into our business operation
A journey that creates values
Circular Economy Decarbonization
2012-2017 2018-2019 2020-Now

8. GC’s NET ZERO
Pathways
2020 2025 2030 2040 2050
Reduction
GHG
(Base year) 20%
Efficiency-driven
Maximize efficiency across
all assets and implementing
new breakthrough techs
Portfolio-Driven
Portfolio adjustment to
increase quality of earning +
circular economy
Compensation-Driven
Carbon capture & offset using
multiple approaches and
technologies
8
Scope 1,2

9. GC’s NET ZERO
Pathways
9
Scope 3
Halving
Value-chain GHG
emission by 2050
Low Carbon
Feedstock
Fuel to
Chemicals
Low Carbon &
Eco Solutions
• Renewable / bio-based
• Recycled
• Sustainable procurement
• Process upgrading
• Portfolio upgrading
• Product solutions
• Collaborations
• End-life managements
Upstream Downstream

10. 10
Example of Opportunities
Created along
GC’s NET ZERO Pathway
Efficiency-driven Portfolio-driven Compensation-driven Value-chain Mgmt
• Cost saving • New growth areas
- Coating & adhesives
- Adv. materials
- Performance chem.
• New offerings
• Access to carbon markets
• New materials / chemicals
from CO2 (CCU)
• Fuels to chemicals
• Low carbon products
- Performance
- Bio-based
- Recycling / upcycling
- Others
Better quality of earning per ton CO2

11. GC’s Circularity Solutions
11
Low Carbon &
Eco Products
Offer solutions that embed
eco-design principle to
create more sustainable
end-products
Resources
Feedstock
Part
Manufacturer
Product
Manufacturer
Service
Provider
Waste
User
Consumer
CO2
Natural
Cycle
Industrial
Cycle
Performance / Durable
Recycle
Bio-based

12. GC’s Circularity Solutions
12
Low Carbon &
Eco Products
* As of 2021
100% 64% 96%
* * * 100% 27% 100%
* * *
Offer solutions that embed
eco-design principle to
create more sustainable
end-products

13. GC’s Circularity Solutions
13
Low Carbon &
Eco Products
Recycling
Mechanical Recycling (45 KTA in 2025)
Used Plastics (Feedstock) Products
44 KTA PET
21 KTA HDPE
30 KTA PET
15 KTA HDPE
Chemical Recycling (30 KTA in 2025)
Pyrolysis Oil
Integration to
refinery & cracker
Seek for ISCC
certification
(mass balance)
Feedstock
RDF
Under Study
Plastic Recycling Businesses

14. GC’s Circularity Solutions
14
Low Carbon &
Eco Products
Bio-based
Bio-based Businesses
❑ Past Investments ❑ Palm Biocomplex (2018-2020)
Fatty Acid
Methyl Ester
Phase II
1,650 MB
Palm Kernel Oil
Production
380 MB
Refined
Glycerine
Phase II
363 MB
o Fatty Acid Methyl Ester
o Fatty Alcohol
o Refined Glycerine
Eastern Economic Corridor (EEC)
Nakhonsawan Biocomplex
Phase I Phase II
9 October 2021
 Support BCG Economy Model
 No.1 bio-plastic tech in the world
 Value-added to sugarcane in TH
 PLA Capacity 75,000 Ton per year (COD 2024)
PLA Plant II

15. GC’s Circularity Solutions
15
Low Carbon &
Eco Products
Collaborate & demonstrate
sustainable showcases that
create business values
Upcycling
Bio-based
Durable

16. 16
GC’s Circularity Solutions
Plastic Waste
Management
Platform
Create ecosystem &
inclusiveness for all
stakeholders to
stop the waste Plastic Waste
Drop Point
Drop points
Logistic & Sorting Recycling & Upcycling
Partners
>120
Drop points
Locations
Managed & created
values to plastic waste
>310
Tons
Contributed to GHG
emission reduction
>720
Tons CO2e
As of 2021

17. 17
GC’s Circularity Solutions
Plastic Waste
Management
Platform
Create ecosystem &
inclusiveness for all
stakeholders to
stop the waste
Children Communities
Colleges Country
“All Generations”
Engagement
Partners

18. 18
GC’s
Decarbonization
Roadmap
5++
Billion USD
Estimated investment to
Reduce / eliminate GHG
(2021-2050)
22++
Billion USD
Estimated investment for growth & portfolio
adjustment towards low carbon business
(2021-2050)
2021 2030 2040 2050
NET ZERO
Portfolio evolution
Efficiency & asset imp.
Low carbon power & heat
CCS
Forestation & offsetting
Reduction
Scope 1,2

19. 19
Value Creation
• Create new revenue stream, e.g.
- New investments
- New product & solution offerings
• Access to supportive privileges
• Attract top talents & human capital
Economic
o Market readiness / demand
o Supportive policies
o Database
Compliance
o New standards
Low Carbon and Sustainable
Businesses
The next growth engine for all
Opportunities Risks
Others
o Technology
o Human capital & dev.
o Ecosystem

20. 20
To become a
NET ZERO
Company
TOGETHER TO NET ZERO
with
Sustainable
Business
Growth
2015 2020 2025 2030 2040 2050
GHG Emission
Profile
Growth through
Portfolio Transformation
and Decarbonization
EBITDA
Profile
20% Reduction
Net Zero