PTT Global Chemical Public Company Limited (GC), a leader in the global chemical sector, has entered into a strategic partnership with Econic Technologies, an innovator in renewable carbon solutions, and allnex, a global leader in industrial coating resins and additives. This collaboration, formalized through a Memorandum of Understanding (MOU), aims to jointly explore and develop advanced polymer systems and manufacturing processes for coatings made from captured carbon. This initiative is a significant step towards enhancing the sustainability of coatings while driving innovation in the chemical and materials industries.
The partnership between GC, Econic, and allnex reflects a shared commitment to reducing the environmental footprint of the chemical and coatings industries by leveraging renewable carbon technologies. Econic’s cutting-edge processes are capable of reducing the carbon footprint of certain products by 30% or more, significantly enhancing the environmental profile of the products produced by GC and allnex. Additionally, Econic’s technology offers potential improvements in the durability, corrosion resistance, and aesthetic qualities of coatings, presenting opportunities to meet growing demand for high-performance, sustainable products.
Dr. Kamel Ramdani, Executive Vice President of Innovation at GC, highlighted the company’s strategic focus on sustainability and innovation. “GC is committed to fostering sustainability and innovation in our business portfolio,” said Ramdani. “We look forward to working with Econic to develop advanced, eco-friendly systems to serve our customers and meet our sustainability goals. By investing in startups and emerging technologies, GC aims to drive its corporate ambitions forward, and our corporate venture capital arm offers expertise and business connections to help ensure the success of this collaboration.”
Keith Wiggins, CEO of Econic Technologies, emphasized the importance of the partnership in advancing sustainable polymer solutions. “This MOU with GC and allnex is a pivotal step in our mission to create sustainable and high-performance polymer solutions,” Wiggins stated. “By combining our renewable carbon technology with their expertise in coatings, we are poised to make significant advancements in polymer science that align with global sustainability goals.”
Allnex, a recognized leader in industrial coatings and additives, expressed excitement over the collaboration as well. Dr. Benoit DeBecker, Senior Vice President of Corporate Development and Innovation at allnex, said, “We are excited to partner with Econic to explore cutting-edge technologies that support our commitment to sustainability. This MOU will enable us to develop innovative solutions that meet the evolving needs of our customers while contributing to a more sustainable future.”
About PTT Global Chemical (GC)
PTT Global Chemical Public Company Limited (GC), based in Thailand, is a major player in the global chemical industry. The company is committed to enhancing the quality of life through its innovative products, which are designed with sustainability at their core. GC focuses on balancing environmental, social, and economic considerations in its operations and is a leader in implementing circular economy principles. Through continuous innovation, GC works to meet the needs of a rapidly changing world while contributing to a more sustainable future.
About allnex
Allnex is a leading global supplier of industrial coating resins and additives, with a diverse product portfolio that includes solutions for architectural, automotive, industrial, and specialty coatings. With a presence in over 30 countries, allnex’s products are used in a wide range of applications across various industries. The
