GC and BIG Join Forces to Pioneer Thailand’s Hydrogen Economy, Prioritizing Low-Carbon Practices on the Path to Net Zero
GC and BIG have forged a strategic collaboration to propel the potential of Thailand’s hydrogen economy. This partnership is dedicated to nurturing and advancing innovations in hydrogen utilization, with the overarching goal of slashing greenhouse gas (GHG) emissions by 2030, aligning with the broader aim of achieving Net Zero emissions by 2050, and ultimately striving to transform into a Net Zero company.
As a leading player in the global chemicals sector, PTT Global Chemical Public Company Limited (GC) has joined hands with BIG, a climate tech company and a trailblazer in energy transition. Together, they have inked a memorandum of understanding delineating their roadmap for driving the hydrogen economy forward, leveraging hydrogen as a clean and eco-friendly fuel. This initiative is in line with strategies aimed at navigating the evolving landscape of the petrochemical industry and fostering long-term competitiveness by capitalizing on strengths and expertise in hydrogen and carbon businesses. These competencies propel further exploration, spurred by GC’s ‘Necessity and Opportunity in the New Landscape’ strategy.
The collaboration primarily centers on the development and expansion of infrastructure and the stimulation of both demand and supply across the hydrogen business chain in Thailand. Key areas of focus include:
- Production and the pursuit of hydrogen innovation and technology.
- Exploring opportunities to expand the low-carbon hydrogen business, particularly to cater to future demand for carbon-free fuels in sectors like automotive and aviation, which prioritize Sustainable Aviation Fuel (SAF).
Mr. Toasaporn Boonyapipat, Chief Operating Officer of GC’s Base and Intermediate Chemicals Business, emphasized, “GC has a clearly defined operational plan and Key Performance Indicators (KPIs) aligned with the 3 Steps Plus strategy. This collaboration involves exploring opportunities and developing new businesses in hydrogen and carbon, while leveraging clean energy hydrogen in the production process to deliver low-carbon products to consumers. This initiative fosters a sustainable environmental ecosystem and drives sustainable business throughout the chain, propelling us towards the Net Zero goal by 2050.”
Mr. Piyabut Charuphen, Managing Director of BIG, shared, “BIG, as a leader in climate technology innovation and an advocate for driving energy transition in the Thai industrial sector, is committed to Generating a Cleaner Future through tangible actions, focusing on the energy transition. This collaboration with GC strengthens BIG’s dedication to this cause and aims to develop an ecosystem leveraging the diverse expertise of both entities, aligning towards the common objective of fostering sustainable industrial growth while mitigating the impacts of climate change. Together, we aim to elevate the industrial sector and the nation towards achieving the Net Zero goal collectively.
