Thailand and ST Related Venture Capital Rev 0 8
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Transcript of Thailand and ST Related Venture Capital Rev 0 8
8/10/2019 Thailand and ST Related Venture Capital Rev 0 8
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2013 ATPAC Annual Meeting
Thailand-U.S. Cooperation:
From R&D to Commercialization
August 29 , 2013Bangkok, 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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2Strictly Confidential 2
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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3Strictly Confidential 3
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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4Strictly Confidential 4
ICIS Top 100 Chemical Companies
Ranking of the world’s largest chemical producers
(listing based on 2011 sales)
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5Strictly Confidential 5
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$33bn1, ranked as 95th 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
• 7th 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 world’s 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 OLEFINSPRODUCER IN THAILAND ANDFIFTH IN ASIA
1
COUNTRIES OPERATING
PETROCHEMICAL CAPACITY
[Million tonnes per annum]
5EMPLOYEE
3531
SALES
[Billion USD]
18.6*
Note: 1) As of 30 March 2012
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6Strictly Confidential 6
Fully Integrated Petrochemical and Refinery Operations with
Diversified Product Portfolio
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Leading chemicals company in South-East Asia withbroadest expertise in downstream derivatives
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Diversified Product Portfolio and End Markets
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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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Global Business: Asia, Europe and US
12
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page 12
Global Megatrends Impacting Chemical/Plastic Industry
Convenience
Urbanization
Next Billion
Customers &
Rise of Asian
Demand
New Materials /
Substitutes
Energy
ConservationWaste
Reduction
Regulations,
Environment,
and Health
MonomerPolymerization/
ConversionCompounding Processing End Users
“The Trends of Changing World Impact the
Plastics Value Chain in Many Aspect.”
Global
Warming
Sustainability
Health &
wellness
Transportation
13
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page 13
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 corporate’s 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 orstakeholder
views
Researcherinterests and
views
Corporatestrategy
andpriorities
ResearchTechnology
Development Prototypeand Trial
Technology Platform
Collaboration and Partnering
In-houseR&D
VCFund
Portfolio Companies
Technology Incubator
Joint Development OpportunityDirectInvestment
IndirectInvestment
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page 17
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
page 18
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Value Proposition by CVC
Client orstakeholder
views
Researcherinterests
and views
Corporate
strategyand
priorities
Research TechnologyDevelopmentPrototypeand Trial
Technology Platform
In-house andCollaborative
R&D
CVC Portfolio Companies
Technology Incubator
Indirect
Investment
Joint
developmentStrategic
alliances
Shortcut for Risky technology development and
Commercialization of new emerging innovation at reduced risk.
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Collaboration & Partnering
University
Government Agency
Industry
page 20
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page 20
S&I Expansion
Life Science Research Unit
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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