Shell Company has entered into a partnership with EGAT to explore clean energy development in Thailand.
The duo has signed an agreement to support the country in reducing GHG emissions and driving toward Net Zero Emissions by 2065.
Boonyanit Wongrukmit, Governor of the Electricity Generating Authority of Thailand (EGAT), and Panun Prachuabmoh, Country Chairman & Chief Financial Officer of the Shell, signed the Memorandum of Understanding.
They have agreed to study the clean energy technologies such as Carbon Capture Utilization and Storage and alternative fuels for electricity generation. It will focus on the use of hydrogen and ammonia as alternative fuels.
The duo expects that these technologies could help Thailand reduce CO2 emissions as it still depends on fossil fuels for electricity generation.
According to Wongrukmit, “EGAT has implemented the Triple S strategy comprising Sources Transformation: increase renewable energy share in the generation mix and develop new technologies to support renewable electricity generation, Sink Co-creation: increase sources for carbon sequestration through One-Million-Rai Reforestation Project and the study of CCUS, and Support Measures Mechanism: enhance public participation in greenhouse gas reduction.”
The companies plan to expand EGAT’s power plants and future projects.
Prachuabmoh of the Shell Company shared that Shell runs its business under Powering Progress strategy. “Shell’s various projects have been initiated across the world, such as the reduction of CO2 emissions, carbon credit, renewable energy trading, the studies of hydrogen and ammonia, and CCUS, totaling 10 projects,” the statement reads.