Bangkok, Bangchak joins hands with Sumitomo. Joining forces as a strategic alliance by signing a framework agreement on cooperation in the procurement of used cooking oil. and distribution of sustainable aviation fuel (SAF).
Bangchak Corporation Public Company Limited and Sumitomo Corporation (Chemical Business Group), world-leading trading and investment companies from Japan Joining forces as a strategic alliance by signing a framework agreement on cooperation in the procurement of used cooking oil. and distribution of sustainable aviation fuel. This marks an important step forward in the strategic cooperation between the two companies. It reinforces our shared commitment to sustainable development along with caring for the environment.
Mr. Thammarat Prayoonsuk, Executive Vice President Refinery and Oil Trading Business Group, Bangchak Corporation Public Company Limited, signed an agreement with Mr. Yutaka Takamura, General Manager of Green Chemical, Strategic Business Unit (SBU), Chemical Solution Group,
Sumitomo Corporation, with Mr. Takashi. Tanaka, General Manager of the Asia and Oceania Chemical Solutions Business Unit at Sumitomo Corporation Asia and Oceania Pte. Ltd. and Mrs. Ong-on Plianrangsi, Managing Director of BCPT Company Limited, signed as witnesses. This marks the start of a strategic collaboration between the two companies to create a robust and efficient supply chain for the recovery of used cooking oil to the production and distribution of sustainable aviation fuel (UCO-to-SAF).
Mr. Thammarat said that signing this agreement It is an important step in the cooperation between Bangchak Corporation Public Company Limited and Sumitomo Corporation to develop carbon emissions reduction operations. This strategic cooperation Demonstrates a shared commitment to achieving Net Zero GHG Emissions and driving the development of clean energy for the future. Bangchak’s joining forces And Sumitomo aims to create shared value. along with reaching challenging goals in sustainability.
Bangchak, as a pioneer
in the production and distribution of Sustainable Aviation Fuel (SAF) in Thailand, has announced a production plan in September 2022 with the construction of a SAF production unit from used cooking oil or Used Cooking Oli ( UCO) at the Bangchak Oil Refinery, Phra Khanong, Bangkok, has a production capacity of 1,000,000 liters per day. The SAF production initiative is a commitment to green energy innovation. This is in line with the Bangchak Group’s goals of achieving carbon neutrality by 2030 and net zero greenhouse gas emissions by 2050, reflecting its leadership in the energy transition. who are committed and dedicated to the mission of caring for the environment and is an investment for the future For our world and future generations
In early 2024, Bangchak held a foundation stone laying ceremony. Construction of the first sustainable aviation fuel production unit in Thailand. It is expected that SAF production can begin within the first quarter of 2025. The SAF production unit consists of two main units:
the used oil quality improvement unit (Pretreating Unit, PTU) and the sustainable aviation fuel production unit (Sustainable Aviation Fuel Unit, SAFU). Both production units will use cutting-edge production technology from leading global technology service companies.
Source: Thai News Agency