In an audacious move representative of Thailand’s commitment to sustainable practices, state-owned oil and gas conglomerate, PTT Plc, plans to morph the Laem Chabang deep-sea port into a shining beacon of green ports nationwide. Noppadon Pinsupa, presiding as the Chief Operating Officer of PTT’s Downstream Petroleum Business Group, recently pulled back the curtain on the blueprint for the illustrious GPC International Terminal.
Victorious in clinching the third phase for the deep-sea port’s metamorphosis, the terminal is on track to secure the land from the Port Authority of Thailand for development come 2025. The Port Authority is dedicatedly reclaiming land to fit the GPC International Terminal’s construction bill. In this grand venture, the evolution of the port sees PTT team up with Chec Oversea Infrastructure Holding Pte, Ltd, through its subsidiary PTT Tank Terminal Co, as per Noppadon’s disclosure.
“The construction baton will be passed once the area is ready, culminating in two years of transformative work to manifest the vision of the green port,” affirmed Noppadon. The green port will harness the power of renewable energy, a testament to eco-friendly practices, for its operation and lean heavily on electric vehicles and machinery to orchestrate port logistics.
Upon crossing the finish line of the third phase, Laem Chabang will stand prepared to accommodate the world’s behemoth cargo ships. It will offer state-of-the-art technology and automation as tools to ensure streamlined operation and enhanced productivity. Noppadon also highlighted parallels between the port’s designed efficient logistics integration and the Eastern Economic Corridor (EEC), synergistically contributing to boosting Thailand’s economic trajectory, as covered by the Bangkok Post.
In a strategic move to propel itself forward, PTT Plc is re-evaluating its investment course, navigating towards uncharted territories for future growth. This adjustment emerges in the wake of the stagnation witnessed in the company’s traditional domains, dominantly the oil refining and petrochemical arenas. Conscious of the restricted prospective for revenue augmentation in these fields, PTT Plc underscores the need for preemptive reinvestment to maintain a steady and diverse growth curve.
Meanwhile, reports weave a tale of positivity flowing from Thailand, as the Industrial Estate Authority of Thailand (IEAT) looks forward to unfurling the third phase of developmental plans for the Map Ta Phut deep-sea port, nestled in Rayong by 2027.
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