PTTEP initiates Thailand’s first CCS project
SUMMARY
The project will come up at the Arthit offshore gas field.
By Shardul SharmaPTTEP on June 6 said it is gearing up to develop Thailand’s first carbon capture and storage (CCS) project at Arthit offshore gas field. It has also initiated CCS feasibility studies in other areas of the country.
The state-owned energy company is aiming to be net zero emissions by 2050. One of its key strategic enablers to reduce carbon dioxide emitted from the company’s petroleum production process is the adoption of CCS technology, it said.
Launched in 2021, the feasibility study of PTTEP’s CCS project at Arthit gas field has recently concluded. The study covers several aspects including the preliminary assessment of carbon storage capacity of targeted geological storage formations and the corresponding conceptual development plan. The project is currently in the process of preliminary front-end engineering and design study and is expected to start by 2026, PTTEP said.
PTTEP said that several key factors including CCS policy and regulations, investment promotion mechanisms, as well as cultivation of knowledge and understanding among the public, are needed for the successful execution of the CCS project in Thailand.
“These will require collective support from government agencies and relevant parties in driving and promoting CCS technology adoption in Thailand in order to ensure that we can truly achieve our emissions reduction goals," said PTTEP CEO Montri Rawanchaiku said.
In addition to CCS, PTTEP is exploring additional opportunities in renewable energy, hydrogen, and carbon capture and utilisation.
