Carbon Capture Storage and Utilisation (CCUS) Development in Thailand

Twarath Sutabutr

No DP-2024-08, Working Papers from Economic Research Institute for ASEAN and East Asia (ERIA)

Abstract: Thailand is a developing country with a growing economy, which has led to increased energy consumption and carbon emissions. To tackle this issue, the Royal Thai Government has implemented several policies and initiatives to reduce the country’s carbon footprint and promote sustainable development. Carbon capture utilisation and storage (CCUS) has just become one of Thailand’s policies to help push a low-carbon agenda and to enable net-zero emissions in 2065. The Thailand National Committee on Climate Change Policy approved the establishment of the Greenhouse Gas Reduction Steering Committee, which initiated the technology applications for the country’s first CCUS. The committee’s mission is to accelerate the actions that can mitigate climate impacts by applying CCUS technology in the energy and industry sectors, leveraging the knowledge and experiences in the petroleum exploration and production industry. This first CCUS pilot project, originally initiated by a team in the PTT Group, is the Thailand CCUS HUB Project. This paper summarises the conceptual design and actions required to start implementing the project.

Keywords: carbon capture; CCUS policy; CCUS hub; CCUS development; Thailand (search for similar items in EconPapers)
Date: 2024-06-18
New Economics Papers: this item is included in nep-ene, nep-env, nep-ppm and nep-sea
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