Renewable Energy in Southeast Asia: Powering Sustainable FuturesRenewable Energy in Southeast Asia: Powering Sustainable Futures
  • Home
  • Solar News
    • Utility Scale
    • Rooftop Solar
    • Manufacturing
  • Other Renewables
    • Wind Energy
    • Biofuels
    • Hydro Power
    • Others
  • Storage
    • Lithium-Ion
    • Large Storage (100 kW+)
    • Small Storage
    • Battery Technology
  • Research
  • Finance
  • Events
  • Advertise
Facebook Twitter Instagram
India Edition | Middle East Edition
Facebook Twitter LinkedIn
Renewable Energy in Southeast Asia: Powering Sustainable FuturesRenewable Energy in Southeast Asia: Powering Sustainable Futures
  • Home
  • Solar News
    • Utility Scale
    • Rooftop Solar
    • Manufacturing
  • Other Renewables
    • Wind Energy
    • Biofuels
    • Hydro Power
    • Others
  • Storage
    • Lithium-Ion
    • Large Storage (100 kW+)
    • Small Storage
    • Battery Technology
  • Research
  • Finance
  • Events
  • Advertise
Renewable Energy in Southeast Asia: Powering Sustainable FuturesRenewable Energy in Southeast Asia: Powering Sustainable Futures
Home » Thailand’s Largest Cement Maker Siam Cement Plans $3 Bn Investment in Renewables
Finance

Thailand’s Largest Cement Maker Siam Cement Plans $3 Bn Investment in Renewables

Saur News DeskBy Saur News DeskDecember 16, 2022Updated:December 16, 2022No Comments
Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email

The largest building materials player of Thailand – Siam Cement Group (SCG) – has now come up with a comprehensive investment plan for the coming five years. The key feature this time is that it has special focus on the environmental aspect of the businesses of SCG and the company looks to strive faster towards the employment of renewable energy to shift the present business style of SCG to a ‘circular’ one.

SCG has specifically announced in its investment plans that it will be investing 100 billion baht or $2.89 billion until 2027 end in venues like renewable energy. This will be in addition to the ongoing efforts by Siam Cement for decarbonisation of its chemicals businesses and main building materials.

The investment plan reveals that SCG is heading towards solar power generation and lithium-ion batteries manufacturing for electric vehicles. This is aimed at strengthening the position of SCG in manufacturing materials of the two sectors.

As far as the green electricity is concerned from the solar source, Siam wants to add 3,000 megawatts (MW) by 2027. This implies that the company wants to expand the solar power to almost 15 times from the present solar capacity.

The manufacturing of cement and petrochemical products by the very nature of current technologies and processes emit greenhouse gases in large amounts. SCG wants to adopt a circular business process that would have focus on recycling, reducing greenhouse gas emissions and producing such products that will have little or no environmental footprint. The present business structure of SCG is not likely to achieve sustainable growth.

Continuing efforts of SCG

The cement maker announced in March, 2022 that it wants to have 30 per cent of energy consumed to come from renewable sources of energy. Also, it has the ambition of achieving net zero greenhouse gas emissions by 2050.

In September, SCG partnered with Nomura Research Institute of Japan to understand the carbon dioxide emissions from its distribution network. Subsequently, it invested in Rondo Energy to develop and expand the employment of Rondo’s Heat Battery (RHB) technology to enhance decarbonisation of its businesses.

$2.89 billion 100 billion baht decarbonisation greenhouse gases lithium-ion renewable energy SCG SCG to generate 3000 MW solar energy Siam Cement Group solar power
Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email
Saur News Desk
  • Website

Related Posts

China’s Solar-LNG Car Carrier Sets Sail with LONGi Modules

May 21, 2025

Boom in China’s Solar Power in Early 2025, Rooftops Lead the Way

May 20, 2025

South Korea Opens Bidding for Hydrogen Power Projects

May 15, 2025

Leave A Reply Cancel Reply

fifteen + four =

Latest News

China’s Solar-LNG Car Carrier Sets Sail with LONGi Modules

May 21, 2025

Boom in China’s Solar Power in Early 2025, Rooftops Lead the Way

May 20, 2025

Wind Turbines Set for Laos-to-Vietnam Power Export

May 19, 2025

South Korea Opens Bidding for Hydrogen Power Projects

May 15, 2025
ADVERTISE WITH US

We are the no.1 B2B solar media in India. With SaurEnergy, you have a full menu of options to pick from to reach the largest audience for your products and services.

To get in touch, contact us at info[at]saurenergy.com

Or Call at 9891147599 / 8802315631

Facebook Twitter Instagram YouTube LinkedIn WhatsApp
Latest News
  • China’s Solar-LNG Car Carrier Sets Sail with LONGi Modules
  • Boom in China’s Solar Power in Early 2025, Rooftops Lead the Way
  • Wind Turbines Set for Laos-to-Vietnam Power Export
  • South Korea Opens Bidding for Hydrogen Power Projects
  • New Wind Farm Project Begins in South Korea
SAURENERGY NEWSLETTER

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

    © 2025 Saurenergy International.

    Type above and press Enter to search. Press Esc to cancel.