GCA Providing Financial Support to Shadyside Schools and Mead Township

PTTGC America (GCA) is contributing  $1.15 million to the Shadyside Local School District and Mead Township even as the company continues discussions with potential partners on a proposed world-scale petrochemical project in the Ohio River Valley.

The payments stem from a March 2020 Ohio Enterprise Zone agreement, under which GCA pledged a financial commitment to  the school district and the township over 15 years after final investment decision.

Although no such decision is imminent, the GCA will provide financial support of $1 million for the school district and $150,000 for Mead Township to demonstrate commitment and good corporate citizenship to the local communities. In addition to the payments, GCA will allow Mead Township to temporarily utilize  its office and garage in Dilles Bottom. These payments will take effect immediately and remain in place regardless of whether or when an investment decision is reached.

With these payments, GCA is helping to meet some immediate needs of the local community. The $1 million to the school district will allow it to secure its school restoration plan with the Ohio Facilities Construction Commission. Without the funding, the plan would be in jeopardy. Meanwhile, the Dilles Bottom office building will alleviate the health and safety risks of the township’s existing office and equipment storage locations.

“All our local partners, including Mead Township and the Shadyside Local School District, have been extraordinarily supportive and patient throughout this process,” GCA CEO Panod Awaiwanond said. “We are pleased to support them with a gesture of financial assistance as we continue our discussions with potential partners  on our Ohio project.”

Shadyside Superintendent John Haswell expressed thanks on behalf of the Shadyside Board of Education. “This payment of $1 million allows our district to take a giant step toward building a new facility for pre-K through 12th grade in the near future. It allows us to lock in a funding commitment through the Ohio School Facilities Commission under which 75% of the construction cost will be covered by the state. This could save our district millions of dollars,” Haswell said.

“We believe this affirms GCA’s intention to be a great community partner. The Shadyside Board looks forward to working with the company in years to come to prove a brighter future for Shadyside residents.”

Mead Township Trustee Chairman Ed Good called the lease agreement and payment “another example of GCA’s understanding of and true commitment to our community,” adding, “This arrangement will allow the township to conduct business in a safer, more efficient manner for our employees and residents.

“We believe the constant contact and transparency Mead Township has maintained with GCA and its partners has once again shown results.”

GCA Chooses Central Ohio for Recycling Project

PTTGC America (GCA) and the Solid Waste Authority of Central Ohio (SWACO) have signed a non-binding memorandum of understanding to locate a new recycling complex on SWACO property. GCA, the U.S. subsidiary of PTT Global Chemical Public Company Limited (GC), Thailand’s largest integrated petrochemical and refining business and a leading corporation in Asia-Pacific, plans to construct and operate a manufacturing plant of recycled plastics in Grove City with a final investment decision to be made by the end of 2022. GCA has signed a separate MOU with Rumpke regarding feedstock plastics.

“Aligned with the Paris Agreement, GC Group aim to reduce current CO2 emissions by 20 percent by 2030 on our journey towards achieving Net Zero by 2050. This project illustrates our commitment to fight climate change and contribute to a circular economy. It also reaffirms our commitment to the U.S. and the State of Ohio,” GCA CEO Panod Awaiwanond said. “GCA is proud to partner with SWACO, Central Ohio’s resource for recycling and all waste diversion.”

The complex will be an enclosed operation that manufactures recycled polyethylene and polyethylene terephthalate into products. The facility will be located in SWACO’s Green Economy Business Park, which is being developed to use research, technology and manufacturing to bring together the sustainable materials management supply chain.

“We are pleased that PTTGCA has selected Ohio for their project. As SWACO continues to advance a more circular economy, we are constantly looking for ways in which materials from the local waste stream can be used to create economic development opportunities, supply sustainable businesses with materials and create new products for consumers,” said Joe Lombardi, SWACO’s Executive Director.

GCA, Rumpke Sign Recycling Feedstock Agreement

PTTGC America (GCA) and Rumpke have signed a nonbinding memorandum of understanding regarding the provision of bale supply for a new recycling complex. GCA, the U.S. subsidiary of PTT Global Chemical Public Company Limited (GC), Thailand’s largest integrated petrochemical and refining business and a leading corporation in Asia-Pacific, will soon announce the location of a new manufacturing plant of recycled plastics in the U.S. Rumpke has agreed to supply plastics bales to the facility once a final project investment decision is made by the end of 2022.

“This project is consistent with our full participation in the green economy and our ambitious goals to cut greenhouse gas emissions in order to combat climate change,” GCA CEO Panod Awaiwanond said. “We are proud to partner with Rumpke, which has earned its reputation as a leading U.S. recycling business.”

“As the leader in Ohio when it comes to recycling, we are always looking for new end users for our commodities,” Rumpke Director of Recycling Jeff Snyder said. “We are excited to have GC coming to the Midwest as this aligns nicely with our announcement of our new Resource Recycling plant in Columbus, Ohio, and the continued growth of recycling.”

PTTGCA Drafting Application for Modified OEPA Air Permit

PTTGC America is in the process of drafting an application for an air permit from the Ohio Environmental Protection Agency (EPA) in accordance with its parent company’s Net Zero commitment. Ohio EPA issued an initial air permit-to-install for PTTGCA’s proposed petrochemical complex in Belmont County in December of 2018. That permit will expire February 24.

The forthcoming resubmission of its permit application will be consistent with the ambitious environmental protection goal announced last year by GC, PTTGCA’s Thai-based parent company. GC announced in October it will reduce greenhouse gas emissions by 20% by 2030 and achieve a net-zero emissions goal by 2050 in order to fight climate change.

PTTGCA has invested more than $300 million in the Ohio project, and has prioritized identifying potential partners in order to move the project forward. The support and patience of the Ohio River Valley has been crucial to the progress PTTGCA has made toward making the proposed petrochemical complex a reality.

PTTGCA’s Parent Company No. 1 in the World for Sustainability

GC, the Bangkok-based parent company of PTTGC America, has been recognized for its efforts around environmental protection by two prominent international organizations. The Dow Jones Sustainability Index (DJSI) has rated GC No. 1 in the world for sustainability in the chemicals sector for the second consecutive year in a row and ranked GC among the top 10 companies in the DJSI World Indices and DJSI Emerging Markets Index for the eighth consecutive year. GC is also the first and only Thai-owned conglomerate to achieve the highest score in the 2020 annual environmental disclosure of the Carbon Disclosure Project (CDP). GC was awarded the leadership level top “A” grade for best-practice initiatives in both climate change and water security in CDP’s prestigious corporate sustainability standards.

The DJSI was jointly established by the S&P Dow Jones Indices and the SAM Corporate Sustainability Assessment and serves as an index to evaluate expertise in sustainable development of leading globally listed companies. CDP, a nonprofit organization recognized as the largest online data source for greenhouse gases, uses a scoring methodology ranging from A to D-; the average score for companies in Asia and for chemical companies is D. GC is Thailand’s first and only company to have received a score of A in the assessment. The CDP and DJSI rankings reflect GC’s commitment to applying a sustainable approach to driving its business by balancing three dimensions: the economy, environment and society under its principles of good corporate governance.

GC CEO Dr. Kongkrapan Intarajang said that the company is committed to operating as a sustainable organization and taking on a pivotal role in mitigating the impacts of climate change while transitioning to a low-carbon community in support of the Paris Agreement and the United Nations Sustainable Development Goals. GC is taking a leading role responding to climate change through its pledge to reduce greenhouse gas emissions by 20% in 2030 from the base year of 2012. By establishing comprehensive water management goals, both internally and externally, GC will ensure that its operations are accountable and that it maintains its leadership position in sustainability at the international level.