PTT Group: Acqua Power, PTT, EGAT join forces to invest in technology development to drive Thailand towards a green hydrogen production base.

Recently – His Royal Highness Prince Abdulaziz bin Abdulaziz AL – Saud , Minister of Energy of the Kingdom of Saudi Arabia of Saudi Arabia ) and Mr. Supattanapong Punmeechaow, Deputy Prime Minister and Minister of Energy presided over the signing ceremony of a memorandum of cooperation to develop and invest in green hydrogen projects (Green Hydrogen ) and related products ( Derivatives ) to meet the use of clean energy in Southeast Asia. Including export opportunities to nearby regions between ACWA Power Co., Ltd. ( ACWA Power ) PTT Public Company Limited (PTT) and the Electricity Generating Authority of Thailand (EGAT) , with executives from government agencies and related agencies witnessed at Nai Lert Park House. Bangkok

According to the government’s announcement that Thailand will achieve carbon neutrality (Carbon Neutrality ) by 2050 and net zero emissions ( Net Zero Emissions ) by 2065 , Thailand is committed to Intend and strive to be a green production base for hydrogen and related products. as a new alternative energy source in the future which will benefit all sectors Including helping to build a low-carbon circular economy ( Low – Carbon Circular Economy )) of the country. And in line with this ambitious goal, Acqua Power, PTT and EGAT have jointly studied clean energy investment opportunities. to set up a large factory using renewable energy in the country in the production of green hydrogen and related products in Thailand And has a target to produce green hydrogen in Thailand about 225 hundred thousand tons per year, equivalent to 1.2 million tons of green ammonia per year, with an investment of about 7 billion US dollars. In response to the trend of using clean energy that is gaining attention from all over the world. as well as responding to increasing domestic energy demand And study opportunities for exporting to countries in the ASEAN region.

Mr. Paddy Padmanathan, Vice President of Acqua Power Co., Ltd. revealed that the announcement of cooperation with PTT and EGAT demonstrates Saudi Arabia’s continued commitment. in supporting international alliances for economic and social development Support and study investment opportunities in green hydrogen projects (Green Hydrogen ) and related products ( Derivatives ) in Thailand, which has the same vision as Saudi Arabia. Delivering clean, environmentally friendly and reliable energy It promotes action in relation to the global climate change agenda. This cooperation with PTT and EGAT will lay the necessary foundation. as well as exchanging knowledge, innovation, as well as resources and expertise among each other. in order to achieve sustainability and achieve further goals

Mr. Auttapol Rerkpiboon, President and Chief Executive Officer, PTT Public Company Limited , revealed that PTT is committed to participating in creating future energy stability for Thailand. According to the vision “Powering Life with Future Energy and Beyond , driving every life with the power of the future” as well as giving importance to building cooperation with various partners in pushing for the use of clean energy towards greenhouse gas emissions. net zero glass ( Net Zero Emissions ), which is a nationally and globally important goal, PTT therefore sets a goal to reduce greenhouse gas emissions by 15 % by the year 2030 , achieve the goal of carbon neutrality ( Carbon Neutrality ) by 2040 and reduce greenhouse gas emissions to net zero (Net Zero ) by the year 2050 , which is faster than the country’s goal. Collaboration with leading partners such as Acqua Power and EGAT to study and invest in the development of green hydrogen production technology ( Green Hydrogen ), which is an alternative fuel that the world is interested in. And it is clean energy that comes from the use of renewable energy such as solar and wind energy. Let’s separate hydrogen gas from water without releasing carbon dioxide in the production process to happen in Thailand this time. Therefore, it is considered another important step that will help Thailand become ready to truly become a Low Carbon Society . It also helps to improve the quality of life of the people, develop society, communities, the environment, and strengthen the country’s economy to grow together sustainably.

Mr. Boonyanit Wongrakmit, Governor of the Electricity Generating Authority of Thailand, revealed that EGAT attaches importance to the search for alternative energy sources to help push Thailand towards achieving carbon neutrality goals within the year. 2050 and reduce greenhouse gas emissions to net zero by 2065 , focusing on clean energy that is appropriate. which in addition to helping to achieve environmental goals It also helps to build a low-carbon circular economy. at the national level as well Therefore, in collaboration with PTT Public Company Limited and ACWA Power Company – Saudi Listed Joint Stock Company) Feasibility study and development of green hydrogen production project and related products using renewable energy in Thailand to support the demand for green hydrogen and related products both domestically and internationally This cooperation not only drives Thailand to achieve its goal of reducing greenhouse gas emissions. But it also affects the overall goals of the world.