PTT set an ambitious target to achieve a balance between greenhouse gas emissions and absorption sooner than 2065, while SCG vowed to increase its proportion of eco-friendly products to 67%, up from 50% last year, by 2030. The companies gave updates on their green business plans during a two-day seminar entitled "Better Thailand Open Dialogue", which ended yesterday. PTT Exploration and Production Plc is also participating by using carbon capture and storage technology to reduce carbon dioxide emissions for petroleum production in the Gulf of Thailand. Initiated in the 1990s, the first-phase programme can absorb 2.1 million tonnes of carbon dioxide a year and release 1.7 million tonnes of oxygen annually. SCG is also keen to reduce carbon dioxide emissions.

Source: Bangkok Post May 21, 2022 04:29 UTC