PTTEP to launch Thailand’s first CCS project
BANGKOK, June 7, 2022 – PTT Exploration and Production has decided to go ahead with its plans to build Thailand’s first carbon capture and storage facility on the Arthit offshore gasfield, the NOC announced on Monday.
A feasibility study launched in 2021 recently concluded. A pre-FEED study is underway, with commissioning of the facility expected in 2026.
The decision is in line with Thailand’s commitment to become carbon neutral by 2050 and attain net zero carbon emissions by 2065. PTT Exploration and Production has set a target to have net zero carbon emissions by 2050.
The state-owned energy company previously collaborated with partners in Japan on using CCS technology in other areas of the country.