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%.
B100 is mixed with diesel for use by motorists under the state’s plan to depend less on fossil fuels.
Sales of fatty alcohol and…
