R&D Partnerships and Collaboration The Company emphasizes an innovation strategy through collaboration and research and development integration. This underscores the organization’s commitment to technological advancement and sustainable growth. In 2023, the Company signed a Memorandum of Understanding (MOU) on research and development collaboration and academic cooperation with Mahidol University. The collaboration aims to promote academic and research and development cooperation, jointly support and drive innovation, and create opportunities for the development of medical technology research, such as the development of 3D Photopolymer Resin for 3D printing for dental model (Dental Model) and others, leading to both commercial and social benefits, driving Thailand towards becoming an innovation-based economy. In addition, the IRPC Innovation Center has collaborated with leading institutions such as VISTEC, Chiang Mai University, Faculty of Architecture, Chulalongkorn University, and PTT Group companies to reduce research time and risks in bringing products to commercial production. The collaboration between the Company and the Faculty of Medicine, Vajira Hospital, Navamindradhiraj University, in the establishment of Vajiralab for Society Co., Ltd. aims to serve as a center for the analysis and testing of medical personal protective equipment to meet standards. Vajiralab for Society Co., Ltd. has been certified by the Industrial Standards Institute (SMI) and is now ready to provide services. As a result of these initiatives, IRPC Innovation Center has been awarded the Chief Innovation Officer (CIO) badge and certified by the National Innovation Agency (NIA) this year. This prestigious accolade is granted to organizations that demonstrate a strong commitment to fostering innovation and encouraging employees to pursue creative and courageous projects for organizational development. IRPC is among the 85 esteemed recipients of this recognition, showcasing their dedication to driving innovation and contributing to Thailand’s transformation into an “Innovative Nation.” This is in recognition of the company’s unwavering undertaking to develop innovations from its knowledge base, experience, and expertise to add value to materials alongside constant improvement in energy efficiency and the use of alternative energy of the future. The company is also known for its ability to consistently offer solutions that meet the needs of modern society in the quest for a good life and healthy living environment. Guided by its lofty vision, IRPC strives to excel in every endeavor it makes while building the body of knowledge as well as adopting new ways of thinking to transform the way it does business and diversify beyond the petroleum and petrochemicals to be able to meet the needs of more diverse customer base and greater number of customers throughout the world through collaboration with business partners. 124 Business-Driven Sustainability IRPC Public Company Limited
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