Electricity Generating Public Company Limited (EGCO Group) and BIG, a subsidiary of Air Products Company, has signed a Memorandum of Understanding (MoU) to collaborate on the development and utilization of hydrogen for electricity generation activities, fostering eco-friendly practices and reducing carbon emissions. The partnership aims to conduct a feasibility study that will be applied to EGCO Group’s power plants, furthering their commitment to achieving a low-carbon society while exploring new opportunities in the clean energy business.
Mr Thepparat Theppitak, President of EGCO Group, emphasized the company’s drive towards a sustainable low-carbon society, setting short-term goals to reduce carbon emissions intensity by 10% by 2030 and long-term goals to achieve Net Zero by 2050. Hydrogen has been identified as a key fuel to support power generation’s energy transition from fossil fuels to green alternatives. EGCO Group aims to leverage various clean fuels and new power generation technologies to reduce greenhouse gas emissions.
“The collaboration between EGCO Group, with its extensive experience in the power business, and BIG, a leader in industrial gas and commercial hydrogen markets, will undoubtedly help both companies achieve their mutual goal of creating a low-carbon society. This partnership will also add value and foster future clean energy technology cooperation,” said Mr Thepparat.
Mr Piyabut Charuphen, Managing Director of BIG, emphasized their commitment to sustainable development in Thailand. As a significant hydrogen producer, BIG aims to promote the production and use of low-carbon hydrogen, in line with Air Products’ global leadership in hydrogen innovation and sustainability efforts. This collaboration will combine the expertise of both organizations to propel the electricity and power industry towards a sustainable low-carbon future, leveraging the potential of hydrogen in addressing climate change challenges.