Food & BeverageThailand's CP Foods goes coal-free as EU readies carbon tax
Coal phaseout saves $10.5 million while input costs have risen 10%
CP Group is Thailand's largest conglomerate, with businesses ranging from retail to telecommunications. Agribusiness is one of the conglomerate's main pillars. (Photo by Yumi Kotani)
FRANCESCA REGALADO, Nikkei staff writer
January 19, 2023 15:01 JST
BANGKOK -- Thai agribusiness giant Charoen Pokphand Foods says it has eliminated coal power from its domestic operations, laying the groundwork to reduce emissions at its overseas farms and food processing plants and taking precautions against rising energy costs and future European carbon tariffs.