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Thailand Petroleum (PTTEP) has decided to continue its plans to build Thailand's first carbon capture and storage facility at the Arthit offshore gas field, the state oil company announced on Monday
.
A feasibility study launched in 2021 recently concluded
.
A pre-FEED study of the facility is underway and the facility is expected to be operational in 2026
.
The decision is in line with Thailand's pledge to become carbon neutral by 2050 and net-zero carbon emissions by 2065
.
PTT Exploration and Production has set a goal of achieving net-zero carbon emissions by 2050
.
The state-owned energy company has previously partnered with Japanese companies to use CCS technology in parts of Japan
.