Siam Cement invests heavily to decarbonize

Recently, Siam Cement Group (SCG), Thailand's largest chemical materials conglomerate, said that it will invest 100 billion baht from 2023 to 2027 to promote decarbonization of building materials and chemicals, including its current main business, focusing on environment-related businesses such as renewable energy, and accelerate the transformation
into a recycling-oriented enterprise.

Among them, SCG will strengthen investments in the environmental sector, including photovoltaic power generation and the manufacture
of lithium battery components for electric vehicles.
In the photovoltaic power generation business, it plans to expand its installed power generation capacity to 3,000 MW by 2027, about 15 times
the current one.

SCG said that the reason for developing a circular business is that it is difficult to achieve sustainable growth
with the current business structure.
Its pillar products, cement and petrochemicals, emit large amounts of greenhouse gases during the production process, while the global focus on environmental, social and corporate governance is increasing, and investors' eyes are becoming more and more critical
.

Currently, SCG has set a goal of achieving net-zero greenhouse gas emissions by 2050 and is committed to developing products
that reduce environmental impact.
In September 2022, the company partnered with Japan's Nomura Research Institute to conduct a validation experiment to visualize the monitoring of CO2 emissions from the operation of its logistics network
.