PTTEP Approves $320 Million Carbon Capture Project to Support Thailand’s Net Zero Goal
PTTEP has approved Thailand’s first carbon capture and storage project at the Arthit gas field, investing $320 million to capture and store up to 1 million tonnes of CO2 annually by 2028, supporting national Net Zero targets under the NDC Action Plan.
PTT Exploration and Production (PTTEP) has formally approved its first Carbon Capture and Storage (CCS) design at the Arthit gas field, marking Thailand’s demoiselle action into CCS technology. This groundbreaking design aims to capture and store up to 1 million tonnes of carbon dioxide annually, with operations slated to begin in 2028. With an investment of roughly THB 10 billion (USD 320 million) over five years, it represents a significant step in Thailand’s commitment to reducing hothouse gas emigrations and achieving public Net Zero intentions, as recognised under the country’s Nationally Determined donation (NDC) Action Plan.
The Arthit CCS Project will fit captured CO₂ deep underground into geological budgets located between 1,000 and 2,000 metres beneath the face. PTTEP has completed expansive introductory studies, including point selection, engineering design, and covering protocols to insure safe, empirical storehouse. Importantly, this design won’t affect natural gas product at Arthit, allowing energy operations to continue easily. The action is designed as a airman to make moxie and foster the broader relinquishment of CCS technology in Thailand, including plans for a unborn Eastern CCS mecca in the Northern Gulf of Thailand, which has implicit to further gauge emigrations reductions.
The Thai government completely endorses the design as part of its climate strategy and is considering probative measures similar as duty impulses and investment backing to encourage CCS uptake. PTTEP’s strategy extends beyond CCS, encompassing emigration reduction pathways similar as gas exercise, effectiveness optimisations, expansion of renewable energy use, and low-carbon systems along with environmental restoration conditioning like reforestation and mangrove planting.
This move comes amidst Thailand’s broader long-term climate objects, including a target to reduce hothouse gas emigrations by 30 below business-as-usual situations by 2030, and intentions to reach carbon impartiality by 2050 and net-zero emigrations by 2065. The Arthit CCS action strengthens Thailand’s portfolio of climate measures and strategically aligns energy security with sustainable development precedences.
What's Your Reaction?
