In order to harness clean energy for the petroleum production process in the S1 Project, Thailand’s PTTEP has launched a 9.98-megawatt solar power project – Lan Sang Arun. The project is being operated by FutureTech Energy Ventures Company Limited (FTEV), a subsidiary of PTTEP is operating the project.
With this it has become the first kind of project in Thailand where power from renewable energy sources is employed to support petroleum production activities. As per the firm, this will help reduce GHG emissions by approximately 13,000 tons of carbon dioxide equivalent per year, supporting PTTEP’s endeavor to achieve Net Zero Emissions and become a low-carbon organization.
According to Montri Rawanchaikul. Chief Executive Officer of PTT Exploration and Production Public Company Limited (PTTEP), PTTEP’s goal is to achieve net zero greenhouse gas (GHG) emissions by 2050 with the EP Net Zero 2050 concept and one of the key actions is to reduce the carbon emissions from the company’s production process. “Therefore, PTTEP has developed a solar power project called “Lan Sang Arun”, located in Lan Krabue District, Kamphaeng Phet Province. This initiative is the first project in Thailand that utilizes clean energy for power generation supplied to the petroleum production process at S1 Project, by reducing the gas-generated electricity and CO2 emissions,”he said.
The power generation from solar energy at Lan Sang Arun began July 2023 and is expected to reduce the carbon dioxide emission produced in the process by approximately 13,000 tons of carbon dioxide equivalent per year, equivalent to the forestation of 1,300,000 trees in absorbing GHG per year.
Recently, FTEV has invested in the development of a sizable green hydrogen production project by using wind and solar energy in the Sultanate of Oman, reflecting PTTEP’s efforts in expanding business into clean energy.
