Bangchak and THAI signed MoU

Editorial Staff

Bangchak and THAI signed MoU on sustainable aviation fuel (SAF)

Pativat Tivasasit, chief operation officer, Refinery Business Group, Bangchak Corporation Public Company Limited presided over the signing ceremony of the memorandum of understanding (MOU) on the exchange of technical knowledge and expertise on the use of Sustainable Aviation Fuel (SAF) between Bangchak Corporation Public Company Limited and Thai Airways International Public Company Limited.

The MoU was co-signed by Thamarat Paryoonsuk, senior executive vice president, Refinery and Oil Trading Business Group, Bangchak Corporation Plc., and Taviroj Songkumpol, chief, corporate strategy, Thai Airways International Plc., with Seri Anupantanan, acting senior executive vice president, Marketing Business Group, Bangchak Corporation Plc., and Chaiyong Ratanapaisalsuk, director, Corporate Strategy and Development, Thai Airways International Plc.

Thamarat Paryoonsuk, senior executive vice president, Refinery Business Group, Bangchak Corporation said the company 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.

In 2022, Bangchak established Thailand’s first and only company to produce Sustainable Aviation Fuel (SAF) from used cooking oil. This initiative is part of the BCP 316 NET plan, a clear and tangible roadmap aiming at achieving Net Zero GHG Emissions by 2050. Planning is also underway to convert Bangchak refinery into a biorefinery to produce biofuels, the energy source of the future, which would help reduce greenhouse gas emissions from the transportation sector. SAF not only adds value to used cooking oil, but also helps reduce carbon dioxide emissions from the aviation industry. This aligns with the global aviation industry trend, which aims to achieve FlyNetZero by 2050.

Taviroj Songkumpol, THAI chief, corporate strategy, said Thai Airways, as the national carrier, operates as a full-service airline providing comprehensive passenger, cargo, and mail transportation services both domestically and internationally. With a network that covers over 30 countries worldwide, the airline has been in operation for more than 63 years. It focuses on conducting business to promote balanced development across economic, social, environmental, and governance dimensions.