Reference
·Supporting source
Thai petrochemical bio-based and net-zero targets
PTTGC: net-zero 2050 / IVL: 100% rPET feasibility
Thailand's petrochemical majors have published 2050 net-zero commitments aligned to the Thai government's COP26 pledge: PTTGC targets net-zero by 2050 with a 20% Scope 1+2 reduction by 2030 against a 2020 baseline. SCG Chemicals targets net-zero by 2050 with parallel circular-economy investments in chemical recycling pilots. Indorama Ventures has committed USD 1.5B to recycled PET (rPET) infrastructure, targeting 50%+ recycled content in its PET portfolio by 2030 and exploring 100% recycled content feasibility on selected SKUs. Specific bio-based feedstock share targets remain qualitative; the dominant decarbonisation lever is hydrogen / electrification of crackers paired with CCUS pilots.
Figure in context
Thailand's petrochemical majors have published 2050 net-zero commitments aligned to the Thai government's COP26 pledge: PTTGC targets net-zero by 2050 with a 20% Scope 1+2 reduction by 2030 against a 2020 baseline. SCG Chemicals targets net-zero by 2050 with parallel circular-economy investments in chemical recycling pilots. Indorama Ventures has committed USD 1.5B to recycled PET (rPET) infrastructure, targeting 50%+ recycled content in its PET portfolio by 2030 and exploring 100% recycled content feasibility on selected SKUs. Specific bio-based feedstock share targets remain qualitative; the dominant decarbonisation lever is hydrogen / electrification of crackers paired with CCUS pilots.
Thailand's petrochemical majors have published 2050 net-zero commitments aligned to the Thai government's COP26 pledge: PTTGC targets net-zero by 2050 with a 20% Scope 1+2 reduction by 2030 against a 2020 baseline. SCG Chemicals targets net-zero by 2050 with parallel circular-economy investments in chemical recycling pilots. Indorama Ventures has committed USD 1.5B to recycled PET (rPET) infrastructure, targeting 50%+ recycled content in its PET portfolio by 2030 and exploring 100% recycled content feasibility on selected SKUs. Specific bio-based feedstock share targets remain qualitative; the dominant decarbonisation lever is hydrogen / electrification of crackers paired with CCUS pilots.
Time scope
2030 milestone targets, 2050 net-zero anchors
Source basis
Supporting source
Interpretation notes
What this tells you
Thailand's petrochemical majors have published 2050 net-zero commitments aligned to the Thai government's COP26 pledge: PTTGC targets net-zero by 2050 with a 20% Scope 1+2 reduction by 2030 against a 2020 baseline. SCG Chemicals targets net-zero by 2050 with parallel circular-economy investments in chemical recycling pilots. Indorama Ventures has committed USD 1.5B to recycled PET (rPET) infrastructure, targeting 50%+ recycled content in its PET portfolio by 2030 and exploring 100% recycled content feasibility on selected SKUs. Specific bio-based feedstock share targets remain qualitative; the dominant decarbonisation lever is hydrogen / electrification of crackers paired with CCUS pilots.
What not to do with it
Targets reflect company-disclosed pathways. Actual abatement progress depends on hydrogen cost curves, CCUS deployment economics, and EU CBAM-driven willingness to pay for low-carbon polymers.
Related figures
Adjacent numbers that add context without drowning the value.
Thai chemical and petrochemical sector revenue (2020-2024)
FTI Petrochemical Industry Club, NESDC National Accounts, PTTGC/IRPC/IVL/SCGC annual reports
PTT Global Chemical (PTTGC) revenue (2020-2024)
PTTGC, SET annual filings, Allnex acquisition disclosures
Indorama Ventures (IVL) EBITDA (2020-2024)
Indorama Ventures, IVL quarterly earnings releases, Bloomberg Intelligence chemicals coverage
Thai ethylene cracker capacity utilisation (2020-2024)
S&P Global Chemicals / IHS Markit, PTTGC and SCGC quarterly operating reports, Petrochemicals Asia
China ethylene capacity at structural closure risk
S&P Global Chemicals, IHS Markit Olefins Outlook, PTTGC FY2024 investor presentation, SCGC FY2024 deck
EU CBAM Phase 2 Thai polymer exposure
European Commission CBAM regulation EU 2023/956, Thai Customs export statistics, IVL/PTTGC/SCGC investor disclosures, FTI Petrochemical Industry Club
Report context
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