Thai Airways Signs SAF-Related MOU with Bangchak

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(25/05/23)
 Thai Airways has signed a MOU with Bangchak
Corporation that covers technical knowledge sharing concerning
sustainable aviation fuel (SAF).

In 2022, Bangchak established Thailand’s first and
only company to produce sustainable aviation fuel (SAF) from used
cooking oil. The initiative is part of the BCP 316 NET plan, a
roadmap aimed at achieving net zero GHG emissions by 2050.

Planning is also underway to convert the Bangchak
refinery into a biorefinery that would produce biofuel.

SAF not only adds value to used cooking oil, but
also helps reduce carbon dioxide emissions from the aviation
industry.

Taviroj Songkumpol, Thai Airways’ Chief –
Corporate Strategy, said, “Our partnership with Bangchak enables
domestic and international SAF consumption and helps us to achieve
our goal of net zero emission in 2050. Currently, the aviation sector
contributes to two per cent of greenhouse gas emissions, which is
expected to unavoidably increase as the sector grows. Furthermore,
it is the opportunity to share knowledge, experiences and
expertise in researching and developing SAF, which would
contribute to net zero emission goal and to conform to the
compliances of the International Civil Aviation Organization
(ICAO) and the International Air Transport Association (IATA) as
well as forthcoming collaborations in business and environmental
benefits for the sustainable growth of Thai Airways and Bangchak.”

Bangchak also has other initiatives
in place, including increasing
the proportion of clean energy usage in select service stations
towards becoming net zero service stations, collaborating with
business partners to install EV chargers that cover all regions in
Thailand, expanding green power business, studying and investing
in battery business, establishing “Winnonie” electric motorbike
rental platform, and pioneering the establishment of Carbon
Markets Club – a network
that promotes knowledge exchange on carbon credit management and serves
as a platform for carbon credit trading within the country.

The
company also undertakes reforestation projects for nature-based
carbon sequestration in collaboration with various
organizations.

Thamarat Paryoonsuk, Bangchak’s Senior Executive Vice
President – Refinery Business Group, said, “Bangchak is
committed to pursuing its vision of “Crafting a Sustainable World
with Evolving Greenovation” by balancing the Energy Trilemma to
sufficiently procure, produce, and distribute petroleum and
biofuels for the business sector, and the public. Furthermore,
Bangchak is committed to developing and expanding its core
businesses, as well as accelerating investments in green and
sustainable businesses to prepare for future technological
advancement and progress, and the challenges of climate change.”

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