PTT : Announces Business Expansion into Sustainable Aviation Fuel Market, Promoting Low Carbon Society, Pushing for Net Zero Target, and Accelerating Thailand as Production Hub for SEA Region
November 09, 2022 at 02:01 pm IST
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November 9, 2022 - Mr. Noppadol Pinsupa, Chief Operating Officer, Downstream Petroleum Business Group, PTT Public Company Limited presided over the signing ceremony of the Memorandum of Understanding(MOU) on Sustainable Aviation Fuel(SAF)Collaboration Project. This MOU was signed by Mr. Jaturong Worawitsurawatthana, Executive Vice President, Downstream Business Group Planning, PTT Public Company Limited(PTT), Mr. Rathakorn Kampanathsanyakorn, Executive Vice President-Strategy, Thai Oil Public Company Limited (TOP), Mrs. Warawan Tippawanich, Executive Vice President Corporate Strategy, PTT Global Chemical Public Company Limited (GC), Mr. Somkiat Lertritpuwadol, Senior Executive Vice President Corporate Strategy Planning and Business Development, IRPC Public Company Limited (IRPC), and Mr. Songpon Thepnumsommanus, Senior Executive Vice President, Energy Solutions Business, PTT Oil and Retail Business Public Company Limited (OR).
This Sustainable Aviation Fuel Collaboration Project has integrated refinery knowledge, expertise, experiences, state-of-the-art technology, and continuous development on refinery products of PTT Group namely Thai Oil, GC, and IRPC.With OR's know-how in aviation fuel market both in domestic and international, this SAF Collaboration project will be accelerated in response to the growing global trend. In addition, efficient and global-standard production technology, namely Hydroprocessed Esters and Fatty Acids (HEFA)and Alcohol to Jet (ATJ), will be adopted with an aim to reduce green gas emission in the aviation industry.
"PTT Group is committed to creating low carbon society in Thailand, pushing for Net Zero target, reducing greenhouse gas emission, while adding more value to local biochemical products by utilizing existing resources. PTT will also promote sustainable energy, propel the country's economy and upgrading quality of Thais, aligning with the vision of Powering Life with Future Energy and Beyond," Mr. Noppadol Pinsupa added.
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PTT pcl published this content on 09 November 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 November 2022 08:30:02 UTC.
PTT Public Company Limited is a Thailand-based company, which is engaged in the petroleum business. The Companyâs segments include upstream petroleum and natural gas, downstream petroleum, new business and infrastructure and Others. The upstream petroleum and natural gas segment includes petroleum exploration and production and natural gas. The downstream petroleum segment includes oil and retail, international trading and petrochemicals and refining. The oil and retail business engages in the oil and retail business including service station, EV station, food and beverage, convenience store, and related businesses in both domestic and overseas. Its products include Natural Gas for Automotive (NGV), Natural Gas Wholesale Market Customers and others. Its services include Natural Gas Services for Vehicles, Natural Gas Pipeline Transportation, Order Management Center (ORCC), PTT Electronic Bill Presentment & Payment, PTT E-Tax Web and Collateral Information Ptt.
PTT : Announces Business Expansion into Sustainable Aviation Fuel Market, Promoting Low Carbon Society, Pushing for Net Zero Target, and Accelerating Thailand as Production Hub for SEA Region