Bangkok, PTTEP together with energy companies from around the world have committed to reducing greenhouse gas emissions in the oil and natural gas industry (Oil and Gas Decarbonization Charter), which is part of One of the 28th Conference of States Parties to the United Nations Framework Convention on Climate Change (COP28), held from 30 November - 12 December 2023 in Dubai, United Arab Emirates.
Mr. Montree Lawanchaikul Chief Executive Officer PTT Exploration and Production Public Company Limited (PTTEP) or PTTEP revealed that PTTEP has made commitments in 3 important matters that will affect participation. Tackling the problem of global warming, including achieving net zero greenhouse gas emissions by 2050, according to the target set by the company. Methane emissions from the petroleum production process to be as close to zero as possible. and achieving zero excess emissions from the petroleum production process (Zero Routine Flare) by 2030 as determined in “Zero Routine Flaring by 2030” by the World Bank.
The company also attended the Business and Philanthropy Climate Forum with more than 500 business and social and environmental leaders from around the world. To exchange opinions and cooperate in solving global warming problems in a concrete way.
At this meeting, PTTEP participated in displaying information at the Thailand Pavilion booth organized by the Thai Department of Climate Change and Environment. About the company's operational guidelines to achieve net zero greenhouse gas emissions by 2050 through the EP Net Zero 2050 concept using carbon dioxide capture and storage technology or CCS (Carbon Capture and Storage) emissions management. methane gas Applying Smart Forest Solution technology to manage green areas, including developing the carbon credit market.
In addition, PTTEP shared its vision and exchanged views in a side event discussion at the Thailand Pavilion booth to support the goal of zero greenhouse gas emissions, such as the development of capture technology. utilization and carbon capture or CCUS (Carbon Capture, Utilization and Storage), which is an important way to help reduce global warming. Initiative to use renewable energy in operations Developing future energy such as hydrogen as well as restoring and caring for biodiversity which relies on nature as the basis to help reduce global warming problems. Along with carrying out other activities of the company to help reduce greenhouse gas emissions.
Source: Thai News Agency
