Bangkok Airways and PTT Oil and Retail Business Sign LOI to Use Sustainable Aviation Fuel Produced Domestically in Thailand

Bangkok Airways Public Company Limited and PTT Oil and Retail Business Public Company Limited (OR) have signed a Letter of Intent (LOI) for a significant collaboration aimed at using Sustainable Aviation Fuel (SAF) produced domestically in Thailand. This partnership is the first of its kind in the country and supports the sustainability goals of both companies while contributing to an eco-friendly future for Thailand’s aviation industry.

The LOI signing ceremony took place at Bangkok Airways’ headquarters on Vibhavadi Rangsit Road, with Mr. Dechit Chareonwong, Senior Executive Vice President of Operations at Bangkok Airways, and Mr. Chaipruet Watchareekhup, Aviation and Marine Marketing Manager at OR, both present.

According to Mr. Chareonwong, this partnership marks a key milestone in Bangkok Airways’ ongoing efforts to promote sustainability. The airline’s “Low Carbon Skies by Bangkok Airways” campaign aims to reduce carbon emissions across its operations. The use of domestically produced SAF aligns with the airline’s objectives and the International Air Transport Association’s (IATA) goal of achieving carbon neutrality by 2050.

Mr. Watchareekhup emphasized that this collaboration between OR, Thailand’s leading aviation fuel distributor, and Bangkok Airways marks the first use of domestically produced SAF. PTT Global Chemical Public Company Limited (GC) is the producer of the SAF, which has been developed using innovative Co-Processing technology for blending with aviation fuel. This new method supports the country’s future SAF implementation policies.

The collaboration is also part of OR’s commitment to sustainability and its goal of supporting Thailand’s aviation industry in its shift toward cleaner, greener operations. OR’s involvement in SAF supply reflects its dedication to helping Thailand achieve Net Zero greenhouse gas emissions by 2065.

This partnership marks a pivotal step in Thailand’s efforts to reduce its carbon footprint in the aviation sector, furthering the country’s clean energy initiatives and paving the way for future use of biofuels in the aviation industry.