Thai miner Banpu's pivot from coal takes it to Texas, EV batteries

Group to invest $3bn in push to diversify operations in greener energy

20250314N Banpu

Banpu plans to start operating a carbon capture and storage facility in the U.S. state of Texas by the first quarter of 2026. (Banpu)

KOSUKE INOUE

BANGKOK -- Thai mining company Banpu is accelerating efforts to curb its dependence on coal, investing $3 billion over six years in fields including carbon capture and electric vehicles to tap the global push toward decarbonization.

"We firmly believe that our Energy Symphonics strategy will set Banpu apart as a key player in enhancing energy security, advancing a low-carbon future, and delivering sustainable value to our shareholders," CEO Sinon Vongkusolkit said at a recent news conference.

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