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PTTEP is set to construct Thailand’s initial carbon capture and storage (CCS) project at its Arthit gas field this year, representing a significant advancement in the nation’s initiatives to reduce greenhouse gas emissions and achieve its net-zero goal.

CEO Montri Rawanchaikul stated that the project, approved in September 2025, will have the ability to capture and store as much as 1 million tonnes of carbon dioxide each year.

The CCS system is anticipated to capture emissions throughout the gas separation procedure and bury them far beneath the earth in reservoirs situated 1,000-2,000 meters below ground.

“CCS technology will not only cut down emissions, but also enhance the efficiency of natural gas as a power source,” Mr. Montri stated.

CCS is considered a vital instrument in addressing climate change, with major economies having funded experimental projects for many years, he mentioned. PTTEP’s project is anticipated to boost Thailand’s environmental goals, as officials adjust its net-zero objective from 2065 to 2050.

The firm allocated US$320 million (10 billion baht) for the initiative across five years, with plans to start carbon storage operations by 2028.

The initiative is intended to be a component of the broader Eastern Thailand CCS Hub, aimed at capturing emissions from factories in Rayong and Chon Buri. Upon completion, the hub may have the capacity to store as much as 60 million tons of carbon dioxide each year, compared to Thailand’s current annual emissions of 320 tonnes.

Mr. Montri mentioned that the center would act as national infrastructure, allowing industries to greatly reduce their carbon emissions and supporting the nation’s transition to a low-emission economy.

The center corresponds to Thailand’s new climate change legislation, which involves establishing a climate fund to assist in efforts to reduce carbon emissions and adapt to climate changes.

The proposed legislation, endorsed by the cabinet in December, will be forwarded to parliament after a new administration is established.

PTTEP anticipates an increase of 7.5% in oil and gas production this year, reaching 785,000 barrels of oil equivalent daily, compared to 730,000 last year, with the growth attributed to new energy initiatives in Algeria, Malaysia, and the United Arab Emirates.

Provided by SyndiGate Media Inc.Syndigate.info).