PTT Plc to turn Laem Chabang into Thailand’s first green port
PTT Plc, the Thai state-owned oil and gas company, is set to transform Laem Chabang deep-sea port into a pioneering example of green ports across Thailand. Noppadon Pinsupa, the Chief Operating Officer of PTT’s Downstream Petroleum Business Group, revealed plans yesterday for the development of the GPC International Terminal. The terminal, the victor in the bid for the third phase of the deep-sea port’s development, is projected to receive the land from the Port Authority of Thailand for development in 2025.
The Port Authority of Thailand is currently reclaiming the necessary land for the port’s construction. PTT, via its subsidiary PTT Tank Terminal Co, is part of the consortium developing the port, alongside Chec Oversea Infrastructure Holding Pte, Ltd, Noppadon said.
“Once the area is handed over, construction will take about two years. We will develop the seaport to be a green port.”
The green port will utilise renewable energy sources for its power supply and will rely on electric vehicles and machinery for its operations.
Upon completion of the third phase, Laem Chabang will be equipped to host the largest cargo ships, leveraging advanced technology and automation. Noppadon also emphasised the port’s planned efficient logistics integration with the Eastern Economic Corridor (EEC), a key element in enhancing the country’s economic growth, reported Bangkok Post.
National energy conglomerate PTT Plc is embarking on a strategic reinvestment phase, seeking new avenues for future growth. This decision comes in response to the plateauing of the company’s traditional businesses, primarily centred around the oil refinery and petrochemical sectors. Recognizing the limited potential for income enhancement in these sectors, PTT Plc underscores the imperative for proactive reinvestment to ensure sustained and diversified growth. Read more HERE.
According to reports from Thailand, the Industrial Estate Authority of Thailand (IEAT) is optimistic about unveiling the third phase of development for the Map Ta Phut deep-sea port in Rayong by 2027. Read more HERE.
