• NEWS
    • SUBSCRIBE TO TD
    • ADVERTISE WITH US
  • EVENTS
    • THIRSTY THURSDAY
      • RSVP PORTAL
    • VIDEOS
    • PHOTOS
    • COMPETITIONS
    • TRAINING
    • CONFERENCES
  • JOBS
    • SEARCH FOR JOBS
    • POST A JOB
  • EVERYTHING TD
    • About TD (Travel Daily Media)
    • Advertise with TD
    • What is Native Content?
    • Executive team
      • Gary (Founder/CEO)
      • Chris (GM & Managing Editor)
      • Mali (Finance Mgr)
    • Content team
      • Kristin (Senior Editor)
      • Kanchan (Editor)
    • Sales team
      • Anthony (Regional Director-APAC)
      • Paul A (BDM-Asia)
      • Martin (BDM-Asia)
      • Paul M (BDM-Bangkok)
    • Events team
      • June (Director)
      • Arlene (Snr Events Mgr)
      • Krystal (Attendee Relations)
      • Zy (Snr Sales Mgr)
      • Mary (Snr Sales Mgr)
      • Arjay (Snr Sales Exec)
  • SELF SERVICE
    • 2023 TD Media Kit
    • Submit Press Release
    • Self Service portal
    • Upload your Travel Blog

Travel Daily Travel Daily - Informing, connecting and developing the world’s travel industry professionals.

  • MARKETS/SECTORS
  • FEATURES
    • Partner Articles
      • Airlines / Airports
      • Car Rental
      • Conferences
      • Cruising (Ocean)
      • Cruising (River)
      • Destination Management (DMC)
      • GDS / CRS
      • Hotels & Resorts
      • Hotel Management Company
      • Hotel Technology
      • HR / Appointments
      • Insurance
      • Meetings, Incentives, Conferencing, Exhibitions (MICE)
      • Travel Agents (all)
      • Travel Technology
      • Tourism Boards
    • Interviews
    • Industry appointments
    • Podcasts – Features
    • Guest Writers
    • E-Turbo News
    • PR Newswire
  • TRAVEL GUIDES
    • Destination NaJomtien BanAmphur BangSaray *NEW*
    • จุดหมายปลายทาง นาจอมเทียน หาดบ้านอำเภอ บางเสร่ *NEW*
    • South Australia Rewards Wonders *NEW*
    • Ponant Yacht Cruises and Expeditions
    • Encore Tickets (Chinese Guide)
    • Affordable Luxury in Thailand by Centara Hotels
    • Rising Above the Oridinary by Conrad Bangkok
    • The Best of Thailand
  • IWTA SERIES
    • Who is IWTA
    • Meet our featured leaders
    • Refer Someone
    • Refer yourself
  • IWTA AWARDS
    • Awards site
    • Nominate
    • Buy tickets
    • Sponsor
Travel Daily
Airlines and AviationGlobalThailand

THAI and Bangchak Sign MOU on SAF Technical and Professional Knowledge Sharing

By Kanchan Nath On May 26, 2023
TD Editor
Share

Thai Airways International Public Company Limited (THAI) and Bangchak Corporation Public Company Limited (Bangchak) signed the Memorandum of Understanding on technical and professional knowledge sharing concerning Sustainable Aviation Fuel (SAF) utilization. Taviroj Songkumpol, THAI Chief, Corporate Strategy, and  Thamarat Prayoonsuk, Bangchak Senior Executive Vice President, Refinery Business Group, signed the MOU. Also present to witness the signing was Pativat Tivasasit, Bangchak Chief Operation Officer, Refinery Business Group, at THAI Head Office. 

Taviroj Songkumpol, THAI Chief, Corporate Strategy, said THAI, as the national full service carrier providing cargo and commercial flights in over 30 countries around the world for more than 63 years, strives for balancing the economy, the society, the environment and good governance in operating its business. Bangchak, Asia’s leading green innovative corporation, invests in SAF production plant from used oil which would implement local waste and reduce carbon emission in the aviation industry. This partnership of THAI and Bangchak enables domestic and international

SAF consumption as well as achievement on net zero emission in 2050. Currently, the aviation sector contributes to two per cent of greenhouse gas emissions, which is expected to unavoidably increase as the sector grows. Furthermore, it is the opportunity to share their knowledge, experiences and expertise in researching and developing SAF, which would contribute to net zero emission goal and to conform to the compliances of the International Civil Aviation Organization (ICAO) and the International Air Transport Association (IATA) as well as forthcoming collaborations in business and environmental benefits for the sustainable growth of THAI and Bangchak. 

Thamarat Paryoonsuk, Senior Executive Vice President, Refinery Business Group, Bangchak Corporation stated that as one of the leaders in energy transition, Bangchak is committed to pursuing its vision of “Crafting a Sustainable World with Evolving Greenovation” by balancing the Energy Trilemma to sufficiently procure, produce, and distribute petroleum and biofuels for the business sector, and the public. Furthermore, Bangchak is committed to developing and expanding its core businesses, as well as accelerating investments in green and sustainable businesses to prepare for future technological advancement and progress, and the challenges of climate change.

 In 2022, Bangchak established Thailand’s first and only company to produce Sustainable Aviation Fuel (SAF) from used cooking oil. This initiative is part of the BCP 316 NET plan, a clear and tangible roadmap aiming at achieving Net Zero GHG Emissions by 2050. Planning is also underway to convert Bangchak refinery into a biorefinery to produce biofuels, the energy source of the future, which would help reduce greenhouse gas emissions from the transportation sector.SAF not only adds value to used cooking oil, but also helps reduce carbon dioxide emissions from the aviation industry. This aligns with the global aviation industry trend, which aims to achieve FlyNetZero by 2050.

 Additionally, Bangchak also has other initiatives in place in driving a low-carbon society. These include increasing the proportion of clean energy usage in selected service stations towards becoming net zero service stations, collaborating with business partners to install EV chargers that cover all regions in Thailand, expanding green power business, studying and investing in battery business, establishing “Winnonie”, electric motorbike rental platform, and pioneering the establishment of Carbon Markets Club, the first of its kind in Thailand. This network promotes knowledge exchange on carbon credit management and serves as a platform for carbon credit trading within the country. The company also undertakes reforestation projects for nature-based

carbon sequestration through collaboration with various organizations. Bangchak firmly believes that the collaboration with Thai Airways in this instance will contribute to promoting the aviation industry both domestically and internationally. This partnership will enable access to sustainable aviation fuel, which plays a role in reducing greenhouse gas emissions from aircraft.

 

Thamarat PrayoonsukPativat TivasasitTHAITaviroj SongkumpolThai Airways International Public Company LimitedBangchak Corporation Public Company LimitedBangchak
Share
You might also like
Airlines and Aviation

THAI to implement biometric check-in at Suvarnabhumi Airport on flights to Singapore

Airlines and Aviation

THAI and Centara partner to offer special introductory rate at Centara Grand Hotel…

Airlines and Aviation

Thai Airways on track with its rehabilitation plan

Airlines and Aviation

Star Alliance celebrates 25th anniversary in Bangkok 

Prev Next

Comments are closed.

POPULAR STORIES

GetYourGuide secures USD194 million in funding

Travel demand continues strong in April: IATA

Rosakue Hospitality launches Rosa Vaydantaa in the ‘Queen of…

The UK’s Most Tech-Savvy Towns Revealed

Prev Next 1 of 5,886

PARTNER CONTENT

  • The Pavilions Phuket: A 5-star personal experience in a tranquil and romantic location

    Read More...
  • Unleash your inner explorer: Aurora Expeditions’ Antarctica 2024-2025 Season offers 25 adventure-packed itineraries

    Read More...
  • How short-term rental platforms in Asia can protect their hosts and customers

    Read More...
  • Exploring Europe seamlessly with Rail Europe’s point-to-point journeys

    Read More...
  • The Role of a Revenue Manager in Uncertain Economic Times

    Read More...
  • The ultimate guide to the 5 best resorts in the Maldives

    Read More...
STAY UPDATED WITH THE LATEST TRAVEL NEWS, JOBS & EVENTS!
Join over 180,000 travel agents, professionals and executives subscribed to our daily newsletter.
You can unsubscribe at any time
Search
MENU
  • News
  • Events
  • Jobs
  • Subscribe

MARKETS

  • Asia
  • Australia
  • New Zealand
  • India
  • Middle East
  • UK & Europe
  • USA

SECTOR

  • Airlines
  • Airports
  • Cruise
  • Hospitality
  • HR & Careers
  • Luxury Travel
  • MICE (Meetings, Incentives, Conferencing, Exhibitions)
  • Travel Tech
  • Tourism
  • Travel Agents
About
  • BOOK A SALES CALL
  • About TD (Travel Daily Media)
  • Advertise with Us
  • Privacy Policy
  • Terms of Use
© 2023 - Travel Daily. All Rights Reserved.
Subscribe to our newsletter
Sign up here to get the latest news, updates and special offers delivered directly to your inbox.
You can unsubscribe at any time
Close

Welcome, Login to your account.

Forget password?

Sign in with Google

Powered by wp-glogin.com

No account? Sign Up
Sign in

Recover your password.

A password will be e-mailed to you.

CREATE A NEW PROFILE
SIGN IN TO EXISTING PROFILE
back

LOG IN

Welcome back, Log in to your account.

Continue with Facebook
Continue with Google
Continue with Twitter
Continue with LinkedIn

OR
Log in using your email
Forgot password?
back

Recover your password.

back

SIGN UP FOR FREE

(New User)

Be part of our community of seasoned travel and hospitality industry professionals from all over the world.

I want to
Only letters and numbers are allowed
Please enter a valid email address
Must be between 6-8 characters
Must be the same with Password
  • LOGIN / SIGN UP
  • NEWS
    • MARKETS
      • Asia
      • China
      • Pacific
      • India
      • Middle East
      • UK & Europe
      • USA & Canada
    • SECTORS
      • Airlines
      • Airports
      • Cruise
      • Hospitality
      • HR & Careers
      • Luxury Travel
      • MICE (Meetings, Incentives, Conferencing, Exhibitions)
      • Travel Tech
      • Tourism
      • Travel Agents
    • FEATURES
      • Partner articles
        • Airlines / Airports
        • Car Rental
        • Conferences
        • Cruising (Ocean)
        • Cruising (River)
        • Destination Management (DMC)
        • GDS / CRS
        • Hotels & Resorts
        • Hotel Management Company
        • Hotel Technology
        • HR / Appointments
        • Insurance
        • Meetings, Incentives, Conferencing, Exhibitions (MICE)
        • Travel Agents (all)
        • Travel Technology
        • Tourism Boards
      • Interviews
      • Industry appointments
      • Travel Bloggers
      • Podcasts – Features
      • Mergers & Acquisition
        • Buyers/Investors wanted
        • Business for sale
        • News
  • EVENTS
    • Thirsty Thursday
      • RSVP Portal
    • Photos
    • Videos
    • Webinars
    • Competitions
    • Conferences
  • JOBS
    • Search for Jobs
    • Post a Job
  • TRAVEL GUIDES
    • Destination NaJomtien BanAmphur BangSaray *NEW*
    • จุดหมายปลายทาง นาจอมเทียน หาดบ้านอำเภอ บางเสร่ *NEW*
    • South Australia Reward Wonders *NEW*
    • Ponant Yacht Cruises and Expeditions
    • Encore Tickets (Chinese Guide)
    • Affordable Luxury in Thailand by Centara Hotels
    • Rising Above the Oridinary by Conrad Bangkok
    • The Best of Thailand
  • IWTA SERIES
    • Who is IWTA
    • Meet our featured leaders
    • Refer Someone
    • Refer yourself
  • IWTA AWARDS
    • Awards site
    • Nominate
    • Buy Tickets
    • Sponsor