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Sunday, December 22, 2024

Bangchak leads Thailand’s move towards sustainable aviation fuel with THB 8.5 billion investment

According to the media report, Bangchak Corporation showcased its leadership in Sustainable Aviation Fuel (SAF) production during the SAF Readiness in Thailand panel at the Thai Aviation Sustainability Day, held at the Stock Exchange of Thailand. Representing the company, Mrs. Gloyta Nathalang, Senior Executive Vice President of Sustainability Management and Corporate Communications, highlighted Bangchak’s efforts to produce SAF from used cooking oil, a significant step in Thailand’s shift toward sustainable energy solutions.

Through its subsidiary BSGF Co., Ltd., Bangchak has committed THB 8.5 billion to develop SAF production at its Phra Khanong refinery, which is set to begin operations in early Q2 2025, with a capacity of 1 million litres per day. The company has also built a nationwide raw material collection network, including the “No Refry” campaign in collaboration with the Department of Health, and the “Fry to Fly” initiative, which partners with restaurants, shopping malls, and local organizations to gather used cooking oil. Additionally, 281 Bangchak service stations have been established as collection points, the media report further added.

In a recent expansion of the Fry to Fly initiative, Bangchak partnered with the Bai Mai Pan Suk Foundation to set up collection stations at schools, encouraging students and families to contribute used cooking oil. This initiative aims to cut greenhouse gas emissions and supports Bangchak’s target of achieving Net Zero GHG Emissions by 2050, in line with Thailand’s national target of 2065.

During the panel discussion, Mrs. Gloyta Nathalang outlined the strategic direction for SAF development in Thailand, addressing both the opportunities and challenges of local production. She stressed the importance of supportive policies for the industry. Bangchak’s SAF initiative is poised to not only support the aviation industry’s sustainability but also position Thailand as a leading player in clean energy production in Southeast Asia.

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