Mr. Noppadon Pinsupha, Chief Operating Officer, New Business and Infrastructure Group, PTT Public Company Limited along with the management of PTT Group, consisting of Mr. Montree Lawanchaikul Chief Executive Officer, PTT Exploration and Production Public Company Limited, Ms. Kanita Sasawatayu, Executive Vice President Engineering and Development Group, PTT Exploration and Production Public Company Limited, Mrs. Warawan Thippavanich, Executive Vice President Corporate Strategy Division PTT Global Chemical Public Company Limited Mr. Jeerawat Patanasomsit Senior Executive Vice President – Power Business Innovation and Digital Business Thai Oil Public Company Limited Mr. Somkiat Lertritpuwadol Senior Executive Vice President, Strategy, Planning and Corporate Business Development, IRPC Public Company Limited and Mrs. Rosaya Thienwan, Executive Vice President, Business Development, Global Power Schinergy Public Company Limited attended the signing ceremony of the memorandum. Agreed to cooperate on a feasibility study project on the application of Carbon Capture and Storage (CCS) or CCS Hub Model, PTT Group
Mr. Noppadon said that the climate change crisis is an issue that all over the world places importance on preparing for and preventing impacts that will occur. This requires pushing and participation from many sectors. along with the intention of Thailand inCarbon Neutrality Goals by 2050 and the Net Zero emissions target by 2065.
PTT Group as the country’s energy organization We realize and adhere to business operations in accordance with sustainable development guidelines covering all dimensions, including economy, society and environment. according to the vision Powering Life with Future Energy and Beyond by setting goals and operating directions in accordance with the policies and goals of the country through technology cooperation under the PTT Group Technology Committee (GTC) in managing to reduce greenhouse gas emissions together in the PTT Group using capture technology andCarbon Capture and Storage (CCS) in the CCS Hub Model CCS is a technology that has the potential to store millions of tons of CO2 per year. and be stored in a potential and suitable geologic layer in a safe and permanent manner (Permanent Geological Storage) without being released back into the atmosphere. The study will begin in PTT Group operating areas in Rayong and Chonburi provinces. This cooperation is an important model for future expansion to the national level to help drive the organization and Thailand towards concrete goals of Carbon Neutrality and Net Zero. to further enhance the country’s development towards sustainability
Ms Kanita said PTT Exploration and Production Public Company Limited or PTTEP Foresee that the current energy business has transitioned to a low-carbon business The company is determined to use its knowledge and expertise in the geosciences. and engineering from the petroleum exploration and production business. to continue in the development of CCS, which is a technology that many countries have adopted and have good results. PTTEP has begun to study CCS technology at the Arthit Project in the Gulf of Thailand in 2021. It can be said that this is an initiative to implement. The first CCS project in Thailand
Currently, a feasibility study has been completed and is in the process of pre-FEED study. CCS studies are conducted in other areas to support industrial sectors to capture carbon dioxide and deliver it safely in prepared geological shale, including the PTT Group’s collaboration CCS Hub Model. This time, PTTEP, as the main responsible person, will study the feasibility of developing a CCS project with companies in the PTT Group so that they can move forward with the greenhouse gas emission target. Net Zero (Net Zero) effectively.
Ms. Warawan said that in the past year, GC Group, as a leader in the international chemical business to create quality of life which is a subsidiary of PTT have pledged to the Paris Agreement and become one of the solutions to the problem of global warming By setting ambitious goals and a clear roadmap and budget, the GC has set a goal of reducing greenhouse gas emissions to Net Zero (Net Zero) by 2050, which will be implemented through three approaches: 1. Efficiency. -driven Focusing on efficiency in every process 2. Portfolio-driven restructuring Step into a low-carbon business and 3. Compensation-driven Carbon offsets through reforestation GC also participated in a study on the application of Carbon Capture and Storage (CCS) technology in the form of the CCS Hub Model. GC is ready to drive the implementation of the CCS project to achieve Net Zero goals. of PTT Group and of the next country
Mr. Jeerawat said that with a vision “Creating quality of life with sustainable energy and chemicals” Thaioil is committed to creating a sustainable future by building on its business potential. produce environmentally friendly products and manage the sustainability of Thaioil Group for the economy, society and environment to grow together To achieve the Thaioil Group’s Net Zero emission reduction goal by 2060, Carbon Capture and Storage (CCS) technology is essential. In addition to the Net Zero Pathway, which includes the energy transition to clean hydrogen energy called Blue Hydrogen, this technology is expected to play a very important role in the future. The results of this study will help create effective cooperation between NGOs and the public sector and play an important role in driving the organization and the nation. achieve the target of reducing greenhouse gas emissions as set
Mr. Somkiat said that IRPC operates business according to the company’s vision. “Creating innovations in the use of materials and energy for a perfect life”, believing that business can grow in parallel with taking care of society, community, nature and environment. by adhering to the United Nations Sustainable Development Guidelines and Social Responsibility It has continued to drive its strategy towards a Net Zero Emission organization by defining guidelines and management in various areas to reduce carbon emissions, including supporting alternative energy use. by building a floating solar garden in the company’s reserve raw water well on a total area of more than 200 rai, with a capacity of 12.5 megawatts, used for the production process in the factory It is considered an integration of business values that enhance energy security. and environmental that help reduce global warming from renewable energy can reduce greenhouse gas emissions by more than 9,459 tons of carbon dioxide equivalent per year Or equivalent to planting trees on the entire island of Samet, approximately 10,000 rai, including implementing projects to improve refinery efficiency and improve diesel fuel quality According to the Euro 5 standard (Ultra Clean Fuel Project: UCF), which will help reduce PM 2.5 pollution problems and meet the company’s policy. Committed to becoming an Eco Factory, it is expected to be ready for commercial production in early 2024 and the pursuit of new low-carbon technologies, products and businesses.
IRPC is confident that the cooperation will be part of the pilot study of the CCS Hub Model technology prototype. to manage and reduce greenhouse gas emissions And it is the first step that PTT Group will drive the project together. for our country and the world
Ms. Rosaya said that this cooperation is an important step for GPSC to jointly study the application of Carbon Dioxide Capture and Storage Technology (CCS), which is one of the technologies to reduce greenhouse gas emissions. that are being developed to be able to be used in a large commercial scale To drive the organization and Thailand to achieve concrete goals of Carbon Neutrality and Net Zero Emission, GPSC is the energy flagship of PTT Group and aims to become a leading company in energy innovation for sustainability, one of the three southeast asia There is a great opportunity to apply CCS technology to capture the carbon dioxide (CO2) that destroys the atmosphere into the soil or its source. which reduces the risk factors for environmental pollution This technology is now being used in many countries around the world for fossil fuel-powered power plants. We are therefore confident that this joint study of the PTT Group will lead to success and can be further extended to other areas.
