BIG, a leader in climate technology innovation and a pioneer in driving energy transition in the Thai industrial sector, has partnered with RATCH Group Public Company Limited, a prominent energy and infrastructure company focused on creating value in the Asia-Pacific region. The collaboration involves signing a memorandum of understanding to explore the feasibility of producing green hydrogen from renewable energy sources both in Thailand and internationally. This collaboration aims to meet the future clean energy demand of the industrial, transportation, and power generation sectors. The partnership with RATCH Group underscores both companies' commitment to advancing the energy transition through innovation and technology with the goal of achieving carbon neutrality and net-zero greenhouse gas emissions, fostering a low-carbon society.
Mr. Nitus Voraphonpiput, Chief Executive Officer of RATCH Group Public Company Limited, stated that the MoU signing represents a strategic partnership between RATCH Group and BIG, leveraging their strengths to develop green hydrogen from renewable energy and explore related business opportunities. As a leader in power generation, RATCH Group can capitalise on its expertise in designing methods and models for renewable energy utilisation in producing green hydrogen. Additionally, the company’s domestic and international renewable power plants can support this initiative. This marks RATCH Group's first step into the hydrogen fuel sector, building on its existing power generation business and enabling expansion to its renewable power production base, particularly in Australia. The hydrogen fuel business has significant potential to create long-term value for the company, and green hydrogen is anticipated to see rapidly growing demand. More importantly, the hydrogen business aligns with the company’s decarbonisation efforts and its goal of achieving carbon neutrality by 2050.
Mr. Piyabut Charuphen, Managing Director of BIG, emphasised that BIG is advancing hydrogen innovation by drawing on the expertise of BIG and its parent company, Air Products from the USA, which is the world’s largest investor in green hydrogen projects. This includes the Neom project in Saudi Arabia, which produces over 600 tons of green hydrogen per day, and investments in low-carbon hydrogen production as part of the US's seven regional clean hydrogen hubs project. BIG is committed to global sustainability with the strategy of ‘Generating A Cleaner Future' in collaboration with all sectors. The company recognises the importance of clean energy in driving the energy transition in Thailand, promoting the production and use of hydrogen energy, a key climate technology, to significantly reduce carbon dioxide emissions. The collaboration involves exploring business opportunities and developing green hydrogen production from renewable energy sources such as hydropower, wind, and solar energy from Laos, as well as wind and solar energy from solar panels in Australia. The green hydrogen produced will be used as fuel for the energy transition, helping industries and the country achieve the NDC Plan 2030 targets. Additionally, the use of green hydrogen supports the industrial sector in competing globally by complying with the European Union’s Carbon Border Adjustment Mechanism (CBAM).
