Partnership formed between GC and MHI to investigate the application of hydrogen, ammonia, and Carbon Capture Storage (CCS) technology for the creation of a substantial petrochemical plant, aiming to reach a net zero emissions target.

Partnership formed between GC and MHI to investigate the application of hydrogen, ammonia, and Carbon Capture Storage (CCS) technology for the creation of a substantial petrochemical plant, aiming to reach a net zero emissions target.

PTT Global Chemical Public Company Limited (GC) and Mitsubishi Heavy Industries Asia Pacific Pte. Ltd. (MHI-AP) have signed a Memorandum of Understanding (MOU) to jointly study low carbon fuel and Carbon Capture and Storage (CCS) technologies for a large-scale petrochemical complex.

The collaboration is a pivotal part of a broader initiative in the hydrogen market and is in line with Thailand's goal to achieve carbon neutrality by 2050 and GC's operational strategy for sustainable business growth.

Technologies Involved

MHI-AP will support the collaboration by providing carbon capture technologies, hydrogen combustion gas turbines, and ammonia gas turbines. These technologies will be used to develop a petrochemical plant that significantly reduces carbon emissions, aiming for net zero.

Hydrogen acts as a carbon-free energy carrier and feedstock, enabling decarbonization of fossil-fuel-based chemical processes. Ammonia, produced using low-carbon hydrogen, also serves as a chemical feedstock or fuel with lower greenhouse gas impacts. CCS technology captures CO₂ generated in these processes and stores it underground, preventing its release into the atmosphere.

Aims and Objectives

The MOU has two main objectives: to assess the feasibility of using hydrogen and ammonia as fuels for gas turbines and CCS technologies to reduce carbon dioxide emissions, and to optimize CCS technologies for the Steam-Methane Reforming (SMR) process.

The collaboration aims to reduce carbon emissions from GC's existing business assets and support the establishment of a carbon-neutral petrochemical plant. It also supports the goal of developing hydrogen and ammonia technologies in Thailand.

Business Strategy and Alignment

GC operates under a business strategy called '3 Steps Plus,' which includes committing to sustainable business practices to become a Net Zero Company. The collaboration between GC and MHI-AP is aimed at exploring the utilization of hydrogen, ammonia, and CCS technologies to develop a large-scale petrochemical plant.

The collaboration aligns with Thailand's goal to achieve carbon neutrality by 2050 and is part of a broader initiative involving numerous prominent global firms to foster an environmentally friendly industry.

Quote from Managing Director of MHI-AP

Mr. Osamu Ono, Managing Director of MHI-AP, was quoted saying that the collaboration will contribute to the development of hydrogen and ammonia technologies in Thailand and support the country's goal of carbon neutrality.

Duration of the Collaboration

The collaboration between GC and MHI-AP will last for 4 years and aims to support Thailand's Carbon Neutrality by 2050.

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[1] Source: [Link to the source if available] [2] Source: [Link to the source if available]

1. The collaboration between PTT Global Chemical (GC) and Mitsubishi Heavy Industries Asia Pacific (MHI-AP) involves studying low carbon fuel and Carbon Capture and Storage (CCS) technologies for a large-scale petrochemical complex.
2. MHI-AP will provide carbon capture technologies, hydrogen combustion gas turbines, and ammonia gas turbines to GC for the development of a petrochemical plant with significantly reduced carbon emissions.
3. The collaboration aims to reduce carbon emissions from GC's existing business assets, support the establishment of a carbon-neutral petrochemical plant, and contribute to Thailand's goal of achieving carbon neutrality by 2050.
4. The collaboration also aligns with GC's operational strategy for sustainable business growth, and is part of a broader initiative involving numerous prominent global firms to foster an environmentally friendly industry.

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