Thailand’s household name in the oil and gas industry, PTT Plc, is shaping the future of the coastal province of Chonburi by ushering a revolutionary concept – the green ports. The company is set to transform the Laem Chabang deep-sea port, infusing it with renewable energy, making it a beacon of eco-friendly development across Thailand, and setting the gold standard of sustainability for other ports in the country to follow.
Noppadon Pinsupa – the man at helm as the Chief Operating Officer of PTT’s Downstream Petroleum Business Group, unveiled the grand plans for the green metamorphosis of the GPC International Terminal, which won the bid for the third phase of Laem Chabang port’s development. It’s on course to receive the necessary land parcel from the Port Authority of Thailand, for the development beginning in 2025.
The Port Authority of Thailand is currently engrossed in the mammoth task of reclaiming the requisite land for the port’s expansion. A consortium led by PTT, through its subsidiary PTT Tank Terminal Co, and also including Chec Oversea Infrastructure Holding Pte, Ltd, is orchestrating the port development, revealed Noppadon.
“The moment we get the land, the construction clock starts ticking, and in about two years, we will morph this seaport into a green port.”
The green port’s blueprint incorporates renewable energy sources for its power supply, freeing it from the dependence on non-renewable means. It plans to leverage electric vehicles and machinery to minimize CO2 emissions.
Once the third phase sees the light of the day, Laem Chabang will be confidently hosting the largest cargo ships, employing state-of-the-art technology and automation. Eying seamless logistics integration with the Eastern Economic Corridor (EEC), the port’s design would serve as a gear in the wheel of Thailand’s economic growth, emphasized Noppadon.
PTT Plc, the towering national energy conglomerate, is at a crucial juncture, navigating a strategic reinvestment phase. The company has been seeking fresh directions for future growth, witnessing a stagnation in its mainstay businesses, notably the oil refinery, and petrochemical industries. Recognizing the limited scope for profit augmentation in these sectors, PTT Plc is investing in new ventures for robust and diversified growth.
Reports are rife from Thailand that the Industrial Estate Authority of Thailand (IEAT) is positive about rolling out the third phase of development for the Map Ta Phut deep-sea port in Rayong by 2027.
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