GC and KBC Partner to Accelerate the Intelligent Digital Technology in the Petrochemical Industry

Bangkok, Thailand - December 4, 2024 - PTT Global Chemical Public Company Limited (GC), a leading global chemical company, and KBC Advanced Technology Pte Ltd (KBC), a leading technology consulting firm specializing in the energy and petrochemical sectors and a Yokogawa company, have announced a strategic collaboration to accelerate GC's digital transformation through the signing of a Memorandum of Understanding (MOU) under The Intelligent Digital Technology Collaboration Program.

This partnership will leverage advanced process simulation technologies and the combined expertise of GC and KBC to optimize GC's entire value chain, starting with enhanced supply chain and production efficiency. By integrating advanced analytics and Artificial Intelligence (AI) with process simulations technology, GC and KBC will gain improved decision-making tools, drive innovation, and unlock new business opportunities. This collaboration will enable GC to strengthen its competitiveness and meet the evolving needs of the petrochemical market, while building a more sustainable and prosperous future in line with its corporate strategy.

Mr. Pornsak Mongkoltrirat, Chief Operating Officer of GC, stated, "Our collaboration with KBC represents a strategic investment aligned with GC's Holistic Optimization strategy. By utilizing KBC's world-class Advanced Process Simulation technology, we are enhancing our digital capabilities. This partnership will significantly improve our supply chain performance, boost production efficiency, and foster innovation-key elements for strengthening our competitive position."

Mr. Takayuki Matsubara, Chief Executive Officer of KBC, said, "We are honored to partner with GC, a recognized leader in the petrochemical industry. This collaboration reflects GC's vision and commitment to digital transformation. By integrating our process simulation software with AI, we aim to elevate GC's operational efficiency and establish new industry standards."

The strategic partnership between GC and KBC underscores a shared commitment to innovation and leadership in the intelligent digital technology of the refining and petrochemical industries. By combining their strengths, GC and KBC are poised to drive advancements in operational performance, sustainability, and overall business efficiency.