PTT Joins Forces with 4 Government Agencies to Launch I-SPARK Rayong Model, Targeting US$5 Billion in Investment

โดย Kaohoon·TH·Read original
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PTT Public Company Limited, or PTT, together with four government agencies, has expressed its intent to cooperate in developing the I-SPARK model, a pilot project to prepare clean energy and infrastructure for low-carbon industry in Rayong province, aiming to develop the Map Ta Phut area as a prototype for the transition of Thailand's industrial sector. The intent-signing ceremony was held at Gastech Bangkok 2026 at the BITEC Exhibition and Convention Centre in Bangkok, presided over by Dr. Kongkrapan Intarajang, Chief Executive Officer and President of PTT, with Dr. Buranin Rattanasombat, Chief Operating Officer of the New Business and Sustainability Group at PTT, signing together with representatives of the four government agencies: Dr. Pirun Saiyasitpanich, Director-General of the Department of Climate Change and Environment; Mr. Wattanapong Kurovat, Director of the Energy Policy and Planning Office; Mr. Warakorn Prasertphon, Director-General of the Department of Mineral Fuels; and Mr. Sumet Tangprasert, Governor of the Industrial Estate Authority of Thailand. On the same occasion, Mr. Anutin Charnvirakul, Prime Minister and Minister of Interior, along with the cabinet and executives, visited the I-SPARK exhibition within the PTT Group display area. The development plan is divided into three main project groups. The first is low-carbon energy and greenhouse gas reduction technologies, covering liquefied natural gas, clean energy, hydrogen, ammonia, battery energy storage systems, and carbon capture and storage technology. The second is the development of shared infrastructure, building on existing ports, storage tanks, pipeline systems, and utilities, along with guidelines for developing a carbon credit platform and a knowledge centre. The third aims to build on existing industries toward high-value products and the circular economy, such as sustainable aviation fuel, biological products, specialty chemicals, and the conversion of used plastics back into new raw materials. PTT expects that by 2035, projects under I-SPARK will generate investment of up to 5 billion US dollars and have the potential to reduce greenhouse gas emissions by as much as 9 million tonnes of carbon dioxide equivalent, with the goal of using the Rayong area as a prototype for expansion to other areas of the country in the future.

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