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Thailand PTT's $2.8bn investment paves way to decarbonization

State-owned energy company to build LNG facilities and produce EVs, hydrogen

PTT is using natural gas as an energy source as it transitions to decarbonization. (Photo by Nozomu Ogawa)

BANGKOK -- Thailand's state-owned energy company PTT Group is accelerating its shift to an environment-friendly business model.

PTT has a huge presence in the nation's energy market and recently revealed a plan to spend some 100 billion baht ($2.86 billion) in the coming five years to increase liquefied natural gas (LNG) import stations and help produce electric vehicles. PTT's strategic change is indispensable to the Thai government's decarbonization goal.

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