Thai Airways Signs SAF-Related MOU with Bangchak

Dark/Light Mode (25/05/23)  Thai Airways has signed a MOU with Bangchak Corporation that covers technical knowledge sharing concerning sustainable aviation fuel (SAF).

In 2022, Bangchak established Thailand’s first and only company to produce sustainable aviation fuel (SAF) from used cooking oil. The initiative is part of the BCP 316 NET plan, a roadmap aimed at achieving net zero GHG emissions by 2050.

Planning is also underway to convert the Bangchak refinery into a biorefinery that would produce biofuel.

SAF not only adds value to used cooking oil, but also helps reduce carbon dioxide emissions from the aviation industry.

Thai Airways signs SAF-related MOU with Bangchak Corporation

Taviroj Songkumpol, Thai Airways' Chief - Corporate Strategy, said, “Our partnership with Bangchak enables domestic and international SAF consumption and helps us to achieve our goal of net zero emission in 2050. Currently, the aviation sector contributes to two per cent of greenhouse gas emissions, which is expected to unavoidably increase as the sector grows. Furthermore, it is the opportunity to share knowledge, experiences and expertise in researching and developing SAF, which would contribute to net zero emission goal and to conform to the compliances of the International Civil Aviation Organization (ICAO) and the International Air Transport Association (IATA) as well as forthcoming collaborations in business and environmental benefits for the sustainable growth of Thai Airways and Bangchak.”

Bangchak also has other initiatives in place, including increasing the proportion of clean energy usage in select service stations towards becoming net zero service stations, collaborating with business partners to install EV chargers that cover all regions in Thailand, expanding green power business, studying and investing in battery business, establishing “Winnonie” electric motorbike rental platform, and pioneering the establishment of Carbon Markets Club - a network that promotes knowledge exchange on carbon credit management and serves as a platform for carbon credit trading within the country.

The company also undertakes reforestation projects for nature-based carbon sequestration in collaboration with various organizations.

Thamarat Paryoonsuk, Bangchak's Senior Executive Vice President - Refinery Business Group, said, “Bangchak is committed to pursuing its vision of “Crafting a Sustainable World with Evolving Greenovation” by balancing the Energy Trilemma to sufficiently procure, produce, and distribute petroleum and biofuels for the business sector, and the public. Furthermore, Bangchak is committed to developing and expanding its core businesses, as well as accelerating investments in green and sustainable businesses to prepare for future technological advancement and progress, and the challenges of climate change.”

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