Charoen Pokphand Group (CP) has entered into a partnership with Toyota Motors and Commercial Japan Partnership Technologies Corporation (CJPT) to collaborate in achieving carbon neutrality in Thailand.
The companies have already signed a Memorandum of Understanding for the collaboration.
CP, Toyota, and CJPT have set a target to achieve results from social implementation in Thailand by the end of this year.
The three companies have agreed “to expand the scope of their collaboration to promote initiatives for carbon neutrality suited to Thailand in the three areas of energy, data, and mobility, taking advantage of the country’s resources,” the statement mentioned.
They have planned to run social implementation projects throughout the cycle of producing, transporting, and using energy in a few special economic zones in Thailand.
CP Chairman Soopakij Chearavanont was quoted in a statement, “We are very encouraged by the consistent progress of what we have been considering with the strong desire to give back to Thailand. We will steadily implement the projects we have agreed upon and would like to openly work with any like-minded partners who wish to join us.”
Meanwhile, Koji Sato, President of Toyota, remarked, “We will work with partners to explore a variety of options and pathways toward carbon neutrality that are suited to the actual situation in Thailand, for bringing happiness to the people of Thailand.”
Similarly, Hiroki Nakajima, President of CJPT, commented, “Through this collaboration, CJPT will join hands with various partners to drastically strengthen the movement of people and goods in Thailand while taking on what we can do now to reduce CO2 emissions.”
To be noted, Thailand has prospects in solar and wind power generation along with the production of hydrogen.