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2013 ATPAC Annual Meeting

Thailand-U.S. Cooperation:
From R&D to Commercialization
August 29 , 2013
Bangkok, Thailand

Thailand and S&T Related Venture Capital

Noppawan Tanpipat, Ph.D.
Vice President, Innovation Strategy and Partnering
PTT Global Chemical Public Company Limited (PTTGC)
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Strictly Confidential
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Agenda
Agenda

PTTGC Business Overview
A result entity of amalgamation
Product portfolio and global business

PTTGC strategic approach to technologies
Focus of corporate venture capital in innovation process



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Strictly Confidential
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Agenda
Agenda

PTTGC Business Overview
PTTGC at a glance
Product portfolio and global business

PTTGC strategic approach to technologies
Focus of corporate venture capital in innovation process



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Strictly Confidential
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ICIS Top 100 Chemical Companies
Ranking of the worlds largest chemical producers
(listing based on 2011 sales)
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Strictly Confidential
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PTTGC: The Chemical Flagship of PTT Group
PTT is the national energy company engaged in conducting an
integrated petroleum and petrochemicals business with the market
capitalization of US$33bn
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, ranked as 95
th
in Fortune 100 company
Polymer producer with the combined production capacity of 3,482 ktpa and
products ranging from HDPE, LLDPE, LDPE, PP, PS and ABS
7
th
largest aromatic producer in Asia with capacity of 3,526ktpa
First and sole producer of phenol, acetone, ACN ethylene oxide and related
products in Thailand
Business partner with worlds leading companies such as LyondellBasell from
Netherlands, Asahi Kasei Chemical from Japan, Sime Darby Plantation from
Malaysia, Cargill from the US, and Perstorp from Sweden
THE LARGEST OLEFINS
PRODUCER IN THAILAND AND
FIFTH IN ASIA
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COUNTRIES OPERATING
PETROCHEMICAL CAPACITY
[Million tonnes per annum]
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EMPLOYEE
3531

SALES
[Billion USD]
18.6*
Note: 1) As of 30 March 2012

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Strictly Confidential
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Fully Integrated Petrochemical and Refinery Operations with
Diversified Product Portfolio
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Strictly Confidential
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Leading chemicals company in South-East Asia with
broadest expertise in downstream derivatives
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Strictly Confidential
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Diversified Product Portfolio and End Markets
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Strictly Confidential
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Agenda
Agenda

PTTGC Business Overview
PTTGC at a glance
Product portfolio and global business

PTTGC strategic approach to technologies
Focus of corporate venture capital in innovation process


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Strictly Confidential
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PTTGC Strategic Direction
To be a Leading Chemical Company
for Better Living
1. Enhancing our core uplift
2. Creating long-term value via HVS growth
3. Emerging into green business models
PTTGCs
Strategies
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Strictly Confidential
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Global Business: Asia, Europe and US
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Global Megatrends Impacting Chemical/Plastic Industry
Convenience
Urbanization
Next Billion
Customers &
Rise of Asian
Demand
New Materials /
Substitutes
Energy
Conservation
Waste
Reduction
Regulations,
Environment,
and Health
Monomer
Polymerization/
Conversion
Compounding Processing End Users
The Trends of Changing World Impact the
Plastics Value Chain in Many Aspect.
Global
Warming
Sustainability
Health &
wellness
Transportation
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R&D Development Phase & Gap
Source: Modified from BCG Analysis
Science & Innovation

Innovation and emerging technology acquisition
arms to PTTCG
PTT Chemical
International

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CVC Agenda
Market
Captured
Un-Captured
E
x
i
s
t
i
n
g

N
e
w

T
e
c
h
n
o
l
o
g
y

Future business
growth enabled by
new technology
Green and Transformative CVC as an accelerator to
growth beyond current business focus.
Value
creation
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S&I Model To Acquire Emerging Technology
Corporate venture capital (CVC) as one of strategic technology investment arms
o Strategic benefits
o Open window on new technology through venture investments.
o Leverage external sources of innovation through contact with technology-based investment bankers,
entrepreneurs, scientists, deal finders and makers, consultants and network .
o Create opportunities in joint development and become strategic partners.
o Strengthen entrepreneurial companies product marketing through the existing corporates marketing experience
and contacts.
o Financial benefits
o Shorten time and OPEX expenditure in leveraging R&D technology to be commercialized.
o Minimize risk and impact from technology failure via indirect investment while managing opportunity of getting
returns on investments upon exit events, such as IPOs or sales to third parties.
o Potentially acquire a right to operate (or produce) of new and innovative processes (or products) to compete in
their existing market via emerging technology.

Client or
stakeholder
views
Researcher
interests and
views
Corporate
strategy
and
priorities
Research
Technology
Development
Prototype
and Trial
Technology Platform
Collaboration and Partnering
In-house
R&D
VC
Fund
Portfolio Companies
Technology Incubator
Joint Development Opportunity
Direct
Investment
Indirect
Investment
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Unconventional Raw Materials
1800 1850 1900 1950 2000 2050
Renewable
Resources
Coal
Natural Gas
Crude Oil
PARADIGM
SHIFT?
Source: Adapted from BASF
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Example: Synthetic Biology
Source: Technology Strategy Broad, A synthetic biology roadmap for the UK
Synthetic biology: Development of new bio-synthetic route to a wide range of products
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Value Proposition by CVC
Client or
stakeholder
views
Researcher
interests
and views
Corporate
strategy
and
priorities
Research
Technology
Development
Prototype
and Trial
Technology Platform
In-house and
Collaborative
R&D
CVC
Portfolio Companies
Technology Incubator
Indirect
Investment
Joint
development
Strategic
alliances
Shortcut for Risky technology development and
Commercialization of new emerging innovation at reduced risk.
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Strictly Confidential
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Collaboration & Partnering
University
Government Agency
Industry
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Strictly Confidential
Private & Confidential
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S&I Expansion
Life Science Research Unit
www.pttgcgroup.com
555/1 Energy Complex, Building A, 14th 18th Floor,
Vibhavadi Rangsit Road, Chatuchak, Bangkok 10900 Thailand.

Telephone : +66 (0) 2265-8400
Fax : +66 (0) 2265-8500
Thank You