PTT Exploration and Production, one of Thailand’s biggest energy companies, has moved one step closer to the development of the country’s first carbon capture and storage (CCS) project.
As part of its plan to reach carbon neutrality in 2050 and net zero greenhouse gas (GHG) emissions in 2065, PTTEP undertook the recently completed feasibility study at its pioneering CCS project at Arthit gas field.
The 2021 study examined the project’s potential for carbon storage in geological formations and is currently in the process of preliminary front-end engineering and design (Pre-FEED) study.
As the country’s biggest energy company, PTTEP stated that it is ‘determined’ to take part in managing GHG emissions and tackling global warming issues.
“Our knowledge and expertise in geoscience and petroleum engineering represent advantageous foundation for CCS development, leading us towards our carbon emissions reduction target,” commented Montri Rawanchaikul, CEO, PTTEP.
“Apart from Thailand’s first CCS initiative at the Arthit gas field, PTTEP has collaborated with partners who have experience in CCS technology in Japan to evaluate the potential of CCS development in other parts of Thailand that will eventually provide support to other domestic industries in decarbonisation.”
The project – which is expected to commence operations by 2026 - also aims to examine factors surrounding CCS policy and regulations, investment, and cultivating knowledge among the public.
