Thailand's CP Foods goes coal-free as EU readies carbon tax

Coal phaseout saves $10.5 million while input costs have risen 10%

20230119 CPF logo at exhibition

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

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.

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