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Climate Change

Thai oil major PTT launches $16bn push into EVs and green energy

State-backed company aims to support governement's climate change effort

Thai energy major PTT plans to have EV charging stations in about 230 locations by the end of the year.   © Reuters

BANGKOK -- Thailand's state-owned oil major PTT is expected to invest more than $16 billion over the next decade into an initiative to promote electric vehicles and other green technology as part of a national drive to turn the country into Southeast Asia's EV hub.

The vision reflects a "business transition going beyond a traditional energy company," PTT President and CEO Auttapol Rerkpiboon told Nikkei in a written interview.

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