{"id":13320,"date":"2024-06-05T09:30:34","date_gmt":"2024-06-05T02:30:34","guid":{"rendered":"https:\/\/manufacturing-review.com\/?p=13320"},"modified":"2024-06-05T09:30:34","modified_gmt":"2024-06-05T02:30:34","slug":"big-and-ratch-group-partner-to-drive-green-hydrogen-development-from-renewable-energy-in-thailand-and-beyond","status":"publish","type":"post","link":"https:\/\/manufacturing-review.com\/en\/big-and-ratch-group-partner-to-drive-green-hydrogen-development-from-renewable-energy-in-thailand-and-beyond\/","title":{"rendered":"BIG and RATCH Group Partner to Drive Green Hydrogen Development from Renewable Energy in Thailand and Beyond"},"content":{"rendered":"
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BIG,\u00a0<\/b>\u00a0a leader in climate technology innovation and a pioneer in driving energy transition in the Thai industrial sector<\/b>, 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 collaboration with Ratch Group underscores both companies’ commitment to advancing the energy transition through innovation and technology with the ultimate goal of achieving carbon neutrality and net-zero greenhouse gas emissions and fostering a low-carbon society in the future.<\/b><\/b><\/b><\/p>\n

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Mr. Nitus Voraphonpiput, Chief Executive Officer of RATCH Group Public Company Limited, stated that\u00a0<\/strong>the MoU signing\u00a0represents a strategic partnership between RATCH Group and BIG\u00a0which\u00a0their\u00a0strengths\u00a0will be leveraged for\u00a0developing green\u00a0hydrogen\u00a0by\u00a0renewable energy and exploring\u00a0related business opportunities. As a leader in power generation, RATCH Group can\u00a0capitalize on\u00a0its expertise\u00a0in designing\u00a0methods and models\u00a0of\u00a0renewable energy\u00a0utilization in producing\u00a0green hydrogen. Additionally, the company\u2019s domestic and international renewable power plants can support this initiative. This\u00a0is the first step of\u00a0RATCH Group into the hydrogen fuel sector\u00a0by\u00a0building on its existing power generation business and enabling expansion\u00a0to\u00a0its renewable\u00a0power production\u00a0base, particularly in Australia. Furthermore, the hydrogen fuel business has\u00a0been seen\u00a0significant potential to create long-term value for the company, and\u00a0green hydrogen\u00a0as a future fuel is\u00a0anticipated rapidly growing\u00a0demand.\u00a0More importantly, the hydrogen business also serves\u00a0the company\u2019s efforts in decarbonization and achievement in\u00a0carbon neutrality by\u00a02050.<\/p>\n

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Mr. Piyabut Charuphen, Managing Director of BIG<\/b>, emphasized 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\u2019s largest investor in green hydrogen projects. This includes the Neom project in Saudi Arabia, which produces over\u00a0600<\/span>\u00a0tons 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 \u2018Generating A Cleaner Future’ in collaboration with all sectors. The company recognizes 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\u00a02030<\/span>\u00a0targets. Additionally, the use of green hydrogen supports the industrial sector in competing globally by complying with the European Union\u2019s Carbon Border Adjustment Mechanism (CBAM).<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"

BIG,\u00a0\u00a0a 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. 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