Thai Petroleum plans to implement CCS project

　　PTTEP, a resource development company under Thai Petroleum Corporation (PTT), said it will implement a carbon capture and storage (CCS) project by 2026
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It is said that the introduction of CCS project in Thailand is the first time
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The project will promote the implementation of domestic CCS projects under the leadership of the government-controlled energy giant PTT
.

　　It is said that the implementation of the project in Thailand is to capture carbon dioxide produced in the production of natural gas fields in the Gulf of Thailand and store it on the seabed
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To implement the project, PTTEP has recently completed a feasibility study starting in 2021 and has embarked on a conceptual design to determine the basic concept, and the next step will be a detailed analysis of the technology to introduce the project and the required cost
.

　　PTTEP signed a memorandum of understanding with PTT's group companies engaged in petrochemical and refining businesses to introduce CCS projects in a cooperative manner
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Companies will consider recovering carbon dioxide from factories in eastern Thailand
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In the field of technology, PTTEP plans to cooperate with Japanese companies, and signed a memorandum of understanding with two companies, INPEX and Nikkei Holdings, in April this year to cooperate in the implementation of CCS, so as to obtain support in the selection of technology and equipment
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　　The goal proposed by the Thai government is to achieve carbon neutrality (net-zero greenhouse gas emissions) by 2050
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PTT said it will achieve this goal set by the government by 2050
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In a statement, PTTEP CEO Montry pointed out that CCS projects are the main way to significantly reduce carbon dioxide emissions
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In addition to this, the company intends to expand the introduction of renewable energy and hydrogen
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