Financial institutions must work together to promote green businesses in Thai SMT groups that have the potential to drive forward. By wanting financial institutions to produce a lot of products to help 3.2 million SMEs and with more than 70% employment to grow sustainably
Dr. Rak Worakijpokathorn Managing Director Export-Import Bank of Thailand (EXIM Bank) said at the "ESG Game Changer" seminar that it lives in a mythical world. In the past, we liked to show off and be rich. whether it is ranked competitively The rate of economic growth (GDP growth) where the competition for GDP growth creates an illusion. And bring disaster to everyone on this planet Showing off a lot of wealth In the past, if you want to know how good Khun Klang is. Must boost the economy to more than 5%, but now the whole world is growing only 2% and will grow about 2% for another 10 years, so we don't have to measure the skill of the treasury by growth. economically Including various competing companies, which ultimately is a zero sum game, no one gets anything. and bring about global warming
however, he would like to invite everyone change from being rich to being arrogant Starting from scanning your own organization. Then adjust the business model including linking with partners who are green businesses.
Dr. Rak said that the duty of the bank today Not just lending Or accepting deposits anymore, but being a playmaker helps inspire entrepreneurs. Today, every specialized financial institution has all the green products out there. This will help the business to adapt to become an ESG player.
“Three million little people, they know the world is changing. He knew he had to improve a lot. And who will offer him help? If not a regulator Not a financial institution or not an SFI like us, these things can happen in our lifetimes,” Dr. Raks said.
In the past, EXIM Bank has released many green products, but it is not enough, which wants every financial institution to have many more green products to help 3.2 million SMEs adapt. Supporting and promoting green businesses I want financial institutions to produce a lot of products to help 3.2 million SMEs with more than 70% employment, ”said the managing director of EXIM Bank.
Mr. Chaiwat Kovavisarach, Chief Executive Officer and President of Bangchak Corporation Public Company Limited or BCP revealed at the ESG seminar: Game Changer ESG under the theme The Great Remake to new opportunities, stating that the world consumes 100 million barrels of oil per day, while Thailand There is oil consumption at 1 million barrels per day, or 1% of the world. This year, the world is expected to consume oil at 102 million barrels per day, a recovery after the COVID-19 epidemic subsides. Currently, many forecasting bureau has predicted the world's oil consumption will reach a maximum in the next 20 years, including land transport and water transportation It will reach its peak as well. while air transportation and petrochemical business There is still a chance to grow
However, there are 2 businesses that still have the opportunity to invest in creating future growth. And the answer for oil refinery business operators is expanding investment in petrochemical business. At the same time, Bangchak is looking at another option: airplanes. According to forecasts, by the year 2070, emissions from aviation will grow 5 times. Therefore, the world is trying to innovate and Develop lighter aircraft to reduce emissions and use AI to plan flights to reduce fuel consumption. But in the end, the answer is clear. Is to find other fuels that will be used instead of oil. which from now until the year AD 2050 The world thinks that hydrogen will be the answer, but the current technology is still unstable and the production cost of hydrogen is still 5-10 times more expensive than gasoline, so there is still an option to use biomass fuel, which 15 years ago Bangchak had. Bringing used vegetable oil to sell back To make biodiesel (B100) mixed with oil to be diesel B5, B7 and B10 etc.
The production of Sustainable Aviation Fuel (SAF) has a technology similar to that of biodiesel production by using used vegetable oil for production. Bangchak will accept purchase of used vegetable oil from the general public through the project. don't leave At a price of not less than 20 baht per liter, the factory is currently under construction with a capacity of 1 million liters per day. Under an investment budget of 10,000 million baht, it takes about 2 years to build. At present, flights in Thailand use about 50 million liters of jet fuel per day, while European countries have measures to force SAF to mix into general jet fuel in proportion. At least 2% in 2025 will need to use SAF at 1 million liters per day, which Bangchak will be the first in the country to produce. It also helps reduce pollution emissions by more than 80,000 tons per year.
However, what Bangchak must continue to develop Is to bring blockchain technology, known as Book and Claim, which can access the Carbon Markets Club, will have an application to notify the need for SAF to fly. can be used to claim carbon credits, which Bangchak is in the process of developing It is expected to be completed within the next 1-2 years.
Mr. Chaiwat said that Bangchak is trying to build an ecosystem in order to achieve Thailand's "Net Zero" goal, which sets the goal of 2065 as the year of zero greenhouse gas emissions. Carbon in 2030 and Net Zero in 2050. Committed to driving the country towards a low-carbon society with the BCP NET plan covering 4 approaches as follows:
B: Breakthrough Performance
Emphasis on high-efficiency production processes with current technology. Low carbon emissions and environmentally friendly, such as the use of technologies and fuels that reduce carbon emissions from production processes in Bangchak refineries. The opening of Net Zero service stations, the use of electricity from energy storage systems (batteries) in BCPG's power generation business, etc.
C: Conserving Nature and Society
Supporting the creation of ecological balance and connecting to a low-carbon society through natural carbon absorption, focusing on developing activities to increase the area to absorb carbon from 2 ecosystems, namely 1) the forest ecosystem (Green Carbon), such as the project Reforestation with the Royal Forest Department Community Forest Conservation Project with Mae Fah Luang Foundation and planting trees in operational areas across the country and 2) marine ecosystems (Blue Carbon) from mangrove forests and sea grass, such as the mangrove forest planting project in collaboration with the Department of Marine and Coastal Resources. Project to study the feasibility of using seagrass resources to help capture greenhouse gases at Koh Mak and Koh Kradat, Trat Province, etc.
P: Proactive Business Growth and Transition
Transform business into clean energy Aiming for Net Zero Goals with Technology for Sustainable Growth increase the proportion of income from green business Focus on expanding new investments that help reduce greenhouse gas emissions from business operations. Study technologies that meet low-carbon business needs, such as Blue/Green Hydrogen, low-carbon alternative fuels such as sustainable aviation fuel or Sustainable Aviation Fuel (SAF), capture technology. Carbon Utilization and Sequestration (CCUS) and Carbon Credit Trading Business to promote the creation of a low-carbon culture
N: Net Zero Ecosystem
Create an ecosystem to support the Net Zero goal, such as operating a fuel transportation business by BFPL, providing services and selling low-carbon alternative fuels. Establishment of electric motorcycle rental platform Winnonie, establishment of Carbon Markets Club to promote trading of carbon credits. co-founding Syn Bio Consortium, creating a low-carbon culture in the organization through various campaigns such as 'Bangchak 100x Climate Action, Everyone Can Help”, and waste reduction campaigns with customers and consumers such as 'Kaew Pow Kla' Rak Pan Suk'. Lae: 'orphaned waste roaming', etc., including the importance of educating and communicating with business stakeholders. put into practice To achieve a sustainable supply chain
Last in the field of energy and Bangchak Group Priority should be given to balancing the Energy Trilemma: Energy Security, Energy Affordability, and Resource and Environmental Sustainability. (Environmental Sustainability) must wait and see. The new government of Thailand What will be the most important thing between these 3 stories?
“At present, 30% of Bangchak's business portfolio is Carbon Neutral and the other 70% is an issue that is being improved. which was intended At least by the end of the year 2030, there will be Carbon Neutral and Bangchak's portfolio will be 50% green and the other 50% gray.”
Mr. Chaiwat revealed the progress of the deal to buy shares of Esso (Thailand) Public Company Limited (ESSO), as well as that the Trade Competition Commission (VorKhor.) has notified the resolution back. is in consultation with relevant parties Progress will be informed in the future.
Source: Thai News Agency