PTT Group partnership forms to investigate low-emission ammonia energy for power facilities, endorsing Net Zero ambitions
In a significant stride towards a more sustainable energy future, PTT Group and its subsidiary, Global Power Synergy (GPSC), have entered into a partnership to explore the feasibility of sourcing low-carbon ammonia for use in power generation.
The collaboration, which was formalised through a memorandum of understanding (MOU) signing ceremony, aims to study the procurement of low-carbon ammonia as a co-fuel for power plants under the GPSC Group. The initiative is expected to reduce carbon dioxide emissions from electricity generation, contributing to Thailand's efforts to reach the global Net Zero target.
The partnership integrates innovation in blending low-carbon fuels at optimal ratios while leveraging PTT Group's infrastructure capabilities for maximum efficiency. GPSC, under PTT Group, has supported clean energy transitions and invested in technologies including green hydrogen and its derivatives like green ammonia, which are crucial for decarbonizing power generation.
Rathakorn Kampanathsanyakorn, Senior Executive Vice President, Corporate Sustainability at PTT, and Worawat Pittayasiri, the Chief Executive Officer of Global Power Synergy Public Company Limited (GPSC), signed the MOU. Dr. Buranin Rattanasombat, the Chief New Business and Sustainability Officer at PTT Public Company Limited (PTT), presided over the signing ceremony.
The cooperation between PTT Group and GPSC is a step towards a more sustainable energy future in Thailand. By advancing low-carbon ammonia technologies to reduce CO₂ emissions in power generation, the initiative drives Thailand toward international sustainability standards.
PTT Group is committed to carbon reduction and net-zero greenhouse gas emissions by 2050, including through scaling up carbon capture and low-carbon fuel use. The low-carbon ammonia, when used as a co-fuel, could potentially reduce carbon emissions from power plants, reinforcing PTT Group's mission to enhance energy security while balancing the reduction of greenhouse gas emissions.
It is important to note that the initiative does not involve any leaders from South Korea, Vietnam, or Cambodia, or any changes in the Thai government or border situations with Cambodia. Additionally, the initiative does not involve any resorts or market shares, nor does it mention any record-high profits or campaigns related to KuCoin Thailand or GULF.
The signing ceremony took place in the context of the ongoing efforts to promote sustainable energy solutions. The cooperation between PTT Group and GPSC is a significant step towards a greener and more sustainable future for Thailand, aligning with global efforts to combat climate change and achieve the Net Zero target.
- The partnership between PTT Group and its subsidiary, GPSC, aims to investigate the practicality of procuring low-carbon ammonia for power generation, aligning with Thailand's ambition to reach the global Net Zero target.
- GPSC, under PTT Group, has been active in supporting clean energy transitions and has invested in technologies such as green hydrogen and its derivatives, including green ammonia, essential for decarbonizing power generation.
- By advancing low-carbon ammonia technologies, this initiative drives Thailand towards internationally recognized sustainability standards and contributes to the global efforts against climate-change.
- PTT Group, committed to carbon reduction and achieving net-zero greenhouse gas emissions by 2050, is pursuing strategies like scaling up carbon capture and low-carbon fuel use, such as low-carbon ammonia.
- The MOU signing ceremony between Rathakorn Kampanathsanyakorn and Worawat Pittayasiri signifies astride towards a more sustainable energy future in Thailand, within the broader context of promoting sustainability and combating climate change on a global scale.
