PTT Group Announces Business Expansion into Sustainable Aviation Fuel Market, Promoting Low Carbon Society, Pushing for Net Zero Target, and Accelerating Thailand as Production Hub for SEA Region
November 9, 2022 - Mr. Noppadol Pinsupa, Chief Operating Officer, Downstream Petroleum Business Group, PTT Public Company Limited presided over the signing ceremony of the Memorandum of Understanding (MOU) on Sustainable Aviation Fuel (SAF) Collaboration Project. This MOU was signed by Mr. Jaturong Worawitsurawatthana, Executive Vice President, Downstream Business Group Planning, PTT Public Company Limited (PTT), Mr. Rathakorn Kampanathsanyakorn, Executive Vice President-Strategy, Thai Oil Public Company Limited (TOP), Mrs. Warawan Tippawanich, Executive Vice President Corporate Strategy, PTT Global Chemical Public Company Limited (GC), Mr. Somkiat Lertritpuwadol, Senior Executive Vice President Corporate Strategy Planning and Business Development, IRPC Public Company Limited (IRPC), and Mr. Songpon Thepnumsommanus, Senior Executive Vice President, Energy Solutions Business, PTT Oil and Retail Business Public Company Limited (OR).
This Sustainable Aviation Fuel Collaboration Project has integrated refinery knowledge, expertise, experiences, state-of-the-art technology, and continuous development on refinery products of PTT Group namely Thai Oil, GC, and IRPC. With OR's know-how in aviation fuel market both in domestic and international, this SAF Collaboration project will be accelerated in response to the growing global trend. In addition, efficient and global-standard production technology, namely Hydroprocessed Esters and Fatty Acids (HEFA) and Alcohol to Jet (ATJ), will be adopted with an aim to reduce green gas emission in the aviation industry.
"PTT Group is committed to creating low carbon society in Thailand, pushing for Net Zero target, reducing greenhouse gas emission, while adding more value to local biochemical products by utilizing existing resources. PTT will also promote sustainable energy, propel the country's economy and upgrading quality of Thais, aligning with the vision of Powering Life with Future Energy and Beyond," Mr. Noppadol Pinsupa added.
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