GGC expects that government policy will result in better sales of both biodiesel and ethanol.

GGC expects government policy to stimulate the economy. and controlling oil prices will result in better sales of both biodiesel and ethanol. Ready to adjust the portfolio to create sustainable growth Mr. Kritsada Prasertsuko, Managing Director of Global Green Chemicals Public Company Limited or GGC, revealed that the industry overview in 2024 said that the methyl ester market (B100) demand has improved due to the enforcement of standard oil. EURO 5 according to government policy In order to increase strictness on emissions and particulate matter from engines, the company expects that the government sector will maintain the proportion of biodiesel blending at B7 as base oil throughout the year. It also benefits from various economic stimulus policies, while the supply sector of the methyl ester market There is a tendency to increase and ethanol (E100) is increasing. This was supported by economic stimulus policies from the government. Reducing energy prices, including the policy to reduce gasohol prices. wh ich increases demand In addition, the tourism sector continues to recover. while the supply sector is stable This is because there is no expansion of production capacity of domestic manufacturers. The price of ethanol remained stable. This is in line with the overall increase in raw material prices for ethanol production. GGC continues to adjust its portfolio to make it clearer for investments in 3 business groups: Bioenergy, Biochemicals, and Food Ingredients and Pharmaceutical. under the operation goals In the Nakhon Sawan Biocomplex Project Phase 2 (NBC2): Providing utilities and infrastructure services to support a major bioplastics factory, Nature Works, currently under construction and expected to be completed by 2025. TEX Expansion Project: by Thai Ethoxylate Company Limited or TEX, a joint venture between GGC and BASF (Thailand) Company Limited (BASF) in the proportion of 50:50%, which is a business that produces fatty acid products. Alcohol Ethoxylate (FAEO) by increasing production capacity from 1 00,000 tons per year to 150,000 tons per year in order to enhance competitiveness and business growth in the future. Expand the business under products that are High Value Products in the downstream product group. To focus on creating growth in the food ingredients and nutraceutical business group (Food Ingredients and Pharmaceutical) with plans to launch dietary supplement products. It is believed that this business will be a new portfolio that creates growth and sustainability for GGC because the products are Green, which will be clear by the end of 2024. For the company's operating results in 2023, the company had a net loss of 202 million baht with sales income of 17,719 million baht, a decrease of 29 percent from the previous year due to a decrease in the selling price of methyl A. esters and fatty alcohols following the decrease in the price of raw materials, but the Company recorded a special item of 60 million baht, which is an increase in the fair value of collateral, resulting in the Company Reduce provision for expenses from damage to raw materials inventory. and adjust deferred tax items. -511- Thai News Agency Source: Thai News Agency