PTT Expands Efforts to Cut CO2 Emissions
Thai Oil Giant Embraces Carbon Capture and Green Hydrogen
Thailand's national oil and gas conglomerate, PTT Plc, is intensifying its efforts to reduce carbon dioxide emissions by implementing carbon capture technology and exploring hydrogen usage.
These initiatives aim to assist Thailand in achieving carbon neutrality by 2050 and net-zero emissions by 2065.
The PTT Exploration and Production unit (PTTEP) plans to utilize Carbon Capture, Utilization, and Storage (CCUS) technology to sequester 1 million tonnes of CO2 annually at the Arthit gas block in the Gulf of Thailand.
PTT currently emits over 2 million tonnes of CO2 each year, which also includes emissions from its subsidiaries.
Kongkrapan Intarajang, PTT's president and CEO, provided updates during a forum in Bangkok on tackling environmental challenges.
The CCUS technology, expected to be operational by 2027, captures CO2 from industrial processes for storage or conversion into products.
The Gulf of Thailand offers a strategic advantage for CO2 storage due to its geological characteristics.
Additionally, PTTEP is partnering with companies from France and South Korea to produce green hydrogen in Oman, with plans to integrate hydrogen into Thailand's power production by 2030.
Despite the high costs, these green technologies are anticipated to generate long-term financial benefits for PTT, aligning with Thailand's power development plan to enhance renewable energy use.
These initiatives aim to assist Thailand in achieving carbon neutrality by 2050 and net-zero emissions by 2065.
The PTT Exploration and Production unit (PTTEP) plans to utilize Carbon Capture, Utilization, and Storage (CCUS) technology to sequester 1 million tonnes of CO2 annually at the Arthit gas block in the Gulf of Thailand.
PTT currently emits over 2 million tonnes of CO2 each year, which also includes emissions from its subsidiaries.
Kongkrapan Intarajang, PTT's president and CEO, provided updates during a forum in Bangkok on tackling environmental challenges.
The CCUS technology, expected to be operational by 2027, captures CO2 from industrial processes for storage or conversion into products.
The Gulf of Thailand offers a strategic advantage for CO2 storage due to its geological characteristics.
Additionally, PTTEP is partnering with companies from France and South Korea to produce green hydrogen in Oman, with plans to integrate hydrogen into Thailand's power production by 2030.
Despite the high costs, these green technologies are anticipated to generate long-term financial benefits for PTT, aligning with Thailand's power development plan to enhance renewable energy use.
