Global Green Chemicals Public Company Limited

DBS Vickers Securities Thailand said in an analysis that the Thai government is considering cutting excise taxes on biofuels to lower fuel prices and spur consumption. Currently, the excise tax on gasohol stands at 6.00 baht per litre and on biodiesel at 5.953 to 6.92 baht per litre. Raising the share of biofuels in use would help cut crude oil imports and ease the government's burden of subsidising fuel prices, with the Oil Fund now running a loss of about 100 billion baht. With demand for ethanol and biodiesel expected to rise, DBS Vickers has named 11 Thai stocks set to benefit, divided into three groups by business type. The first group is direct producers and distributors of biofuels, namely BBGI, EA, UBE, GGC and TAE. The second group is integrated palm oil producers linked to biodiesel, namely PCE, SMO, APO and VPO. The third group is sugar producers linked to ethanol, namely KSL, KTIS and BRR.

Global Green Chemicals Public Company Limited, or GGC, reported a turnaround to profitability and successfully cleared its accumulated losses, leading to a 56% surge in its share price over the past month. The company, which is part of the PTT Group, implemented measures to reduce its par value and restructure its finances to support sustainable profitability. Analysts view GGC's fundamentals as improved, driven by the recovery in the petrochemical business, and see potential for it to be a noteworthy turnaround stock.

Global Green Chemicals Public Company Limited (GGC) and CP Axtra Public Company Limited (CPAXT) have signed a memorandum of understanding for strategic cooperation to study the feasibility of collecting and managing used cooking oil (UCO), with the goal of improving the quality of used oil and developing it into value-added products under the concept of turning waste into opportunity, while supporting the transition to a low-carbon economy. This cooperation aims to apply the circular economy concept to reduce waste and increase the value of raw materials. Witnesses to the signing included Mr. Adisak Chusuk, Deputy Director-General of the Department of Alternative Energy Development and Efficiency; Mr. Phakphong Wangrattanasophon, Chief Operating Officer of the Basic and Intermediate Chemicals Business Group of GC; and Lieutenant General Thitawat Sathienthip, Director of GGC, at the Lotus headquarters.

The Thai stock market index closed at 1,588.22 points, down 12.48 points or 0.78%, with a trading value of 66,470.96 million baht. Meanwhile, BTS is preparing to offer three new tranches of debentures: 2-year maturity with an interest rate of 3.20% per annum, 3-year maturity with an interest rate of 3.55% per annum, and 4-year maturity with an interest rate of 3.75% per annum. Tris Rating has assigned a credit rating of BBB+ with a negative outlook. The subscription is expected to open on September 25 and 28-29. Meanwhile, the board of SUSCO approved an interim dividend of 0.10 baht per share, with the XD date on September 10 and payment on September 25. GGC has partnered with CP Extra to collect 50,000 liters of used cooking oil per year to produce SAF fuel. SCCC is proceeding with its plan to restore a quarry in Chonburi covering 646 rai, increasing green space by 82.6%. The board of BCPG approved an interim dividend of 0.15 baht per share, totaling 450 million baht, with the XD date on September 9 and payment on September 22. RT has a backlog of 4,755 million baht and is preparing to sign additional work with the Metropolitan Electricity Authority worth 1,100 million baht in September, boosting the full-year backlog to 6,000 million baht, supporting this year's revenue of 3,800 million baht, an increase of 10%.

Global Green Chemicals Public Company Limited, or GGC, reported first-half 2026 operating results with a profit of 448 million baht, supported by government policy that adjusted the biodiesel blending ratio from B5 to B7 effective 14 March 2026. This drove domestic demand for methyl ester, or B100, up by 28% in the second quarter. The methyl ester business saw higher sales revenue on recovering demand, while the fatty alcohol business continued to improve production efficiency by changing catalysts to increase capacity and reduce maintenance downtime. As for financial position, as of 30 June 2026, the company had total assets of 11.086 billion baht, up 7% from the end of 2025, and held cash, cash equivalents, and short-term investments totaling over 2.332 billion baht, reflecting strong liquidity and readiness to support new investments in the future.

Global Green Chemicals Public Company Limited, or GGC, welcomed Mr. Warawut Silpa-archa, Minister of Industry, on the occasion of his visit to observe the progress of the Nakhon Sawan Biocomplex project in Nakhon Sawan Province on July 22, 2026. The project is operated by GGC KTIS Bio-Industrial Company Limited, or GKBI, a joint venture between GGC and Kaset Thai International Sugar Corporation Public Company Limited, or KTIS. The development is divided into two phases, both of which are now in commercial operation. Phase 1 comprises a sugar cane crushing mill, an ethanol plant, and a biomass power plant, which began commercial operations in the first quarter of 2024. Phase 2 involves the development of utilities and infrastructure to support the polylactic acid bioplastics plant of NatureWorks Asia Pacific Company Limited, a subsidiary of NatureWorks LLC, with commercial services commencing in the fourth quarter of 2025. The project aims to add value to agricultural products, elevate them to high-value bio-industry, and support Thailand's bio-economy, circular economy, and green economy.