GGC anticipating 20% increase in annual sales

Mr Kridsada aims to boost revenue for GGC through a plan to acquire new assets from producers of oleochemicals, a feedstock for cosmetic products and certain food supplements.

SET-listed Global Green Chemicals Plc (GGC), the biochemical arm of PTT Global Chemical (PTTGC), expects sales to increase by 20% this year, driven by palm-oil based products, although revenue will remain unchanged due to a drop in prices.

Managing director Kridsada Prasertsuka attributed the increase to a rise in sales of palm oil-derived methyl ester, also known as biodiesel 100 or B100, which are expected to grow by 20%.