BANGKOK, Sept. 15, 2023 /PRNewswire/ -- TotalEnergies ENEOS and PTT Global Chemical (GC) celebrated the official launching of a total capacity of 6.7 megawatt-peak (MWp) solar photovoltaic (PV) system for GC's 5 production facilities in Thailand. GC is Thailand's largest integrated petrochemical and refining business and a leading corporation in the Asia-Pacific region, with a target to reduce greenhouse gas emissions for 20 percent by 2030 on its journey towards achieving Net Zero emissions by 2050.
As a global chemical company committed to creating a better quality of life for all, the installation of the solar rooftops further demonstrates GC Group's commitment to reduce their carbon footprint and fulfill their sustainability targets while saving power costs, without any business disruption. GC is collaborating with TotalEnergies ENEOS, known for their robust technical experience in deploying renewable energy solutions on highly technical and complex sites, to support them in their transition towards clean energy.
With over 11,000 of solar panels installed onto the rooftops of the company's 5 facilities, the 6.7 MWp PV systems generates approximately 9,500 megawatt-hours (MWh) of renewable energy annually, realising significant cost savings for GC and reducing the company's carbon footprint by about 4,300 tonnes of CO2 emissions annually, equivalent to planting more than 64,500 trees over the contract period.
Under the agreement, TotalEnergies ENEOS operates the installed PV solar system while GC promptly buys the electricity generated for 20 years, without taking any upfront investments. TotalEnergies ENEOS guarantees the best performance of the system so GC can enjoy the economic and environmental benefits of the solar rooftop system, without any operational concerns.
Panchoak Auetanapa, Acting Senior Vice President of Utilities Business Unit PTT Global Chemical Public Company Limited (GC), "GC is aware of global warming problems, we committed to develop and utilize the clean energy to reduce the greenhouse gas emissions to slow down the climate crisis. We intend to implement the renewable energy projects to cover all potential space of GC Group. This will transform our petrochemical plants to be a low carbon process and produce the low carbon products which pass on this value to customers who use GC's products. And the end consumers would be a part to make the environmental sustainability together. The cooperation between GC and TotalEnergies ENEOS would be a good starting point for both companies that have shown our strong commitment to be a part of many other leading companies in the world, to reduce the impact of climate change and ready to support the reduction of greenhouse gas emissions to achieve the goal of Net Zero together."
Elodie Renaud, Director of TotalEnergies ENEOS Renewables Distributed Generation Asia, congratulates both GC and TotalEnergies ENEOS teams on the successful launch of the system and said, "We are honoured to be trusted by PTT Global Chemical to be a long-term energy partner on this 6.7 MWp project and support the company on their decarbonization journey. As the leading provider of solar solutions in the region, TotalEnergies ENEOS commits on the quality and reliability of our operations over the 20 years to provide peace of mind from a technical, financial, and commercial perspective. We are proud to celebrate this project as a key milestone of a long-term partnership with PTT Global Chemical."
About TotalEnergies ENEOS Renewables Distributed Generation Asia Pte. Ltd.
The company is a 50/50 joint venture between TotalEnergies and ENEOS to develop onsite B2B solar distributed generation across Asia. It is headquartered in Singapore with a plan to develop 2 GW of decentralized solar capacity over the next five years.
TotalEnergies and renewables electricity
As part of its ambition to get to net zero by 2050, TotalEnergies is building a portfolio of activities in electricity and renewables. At the end of Q2 2023, TotalEnergies' gross renewable electricity generation installed capacity was 19 GW. TotalEnergies will continue to expand this business to reach 35 GW of gross production capacity from renewable sources and storage by 2025, and then 100 GW by 2030 with the objective of being among the world's top 5 producers of electricity from wind and solar energy.
ENEOS Corporation and renewables electricity
ENEOS operates over 20 solar power plants in Japan and are also participating in renewable energy projects in the United States, Australia, and Vietnam. Furthermore, ENEOS is actively engaged in power generation projects using biomass, hydroelectric power, wind power, etc. This joint venture is ENEOS' first overseas renewable energy project using distributed power sources.
TotalEnergies is a global multi-energy company that produces and markets energies: oil and biofuels, natural gas and green gases, renewables and electricity. Our more than 100,000 employees are committed to energy that is ever more affordable, cleaner, more reliable and accessible to as many people as possible. Active in more than 130 countries, TotalEnergies puts sustainable development in all its dimensions at the heart of its projects and operations to contribute to the well-being of people.
About ENEOS Corporation
ENEOS Group has developed businesses in the energy and nonferrous metals segments, from upstream to downstream. The Group's envisioned goals for 2040 are: becoming one of the most prominent and internationally competitive energy and materials company groups in Asia, creating value by transforming our current business structure, and contributing to the development of a low-carbon, recycling-oriented society with the pursuit of carbon-neutral status in its own CO2 emissions. ENEOS Corporation, one of the principal operating companies in the Group, is contributing to achievement of the Group's envisioned goals through a broad range of energy businesses.
About PTT Global Chemical Public Company Limited
PTT Global Chemical Public Company Limited, or GC is Thailand's largest integrated petrochemical and refining business and a leading corporation in Asia-Pacific region, both in size and wide range of products – from petrochemical to biochemical with the world's number 1 bioplastics producer. We are the world number one in chemical sector in Dow Jones Sustainability indices for three consecutive years. Also, we have been rated at Leadership Level (A List) in water management and environmental management in climate change by CDP. Aligned with the Paris Agreement, we aim to reduce current CO2 emissions for 20 percent by 2030 on our journey towards achieving Net Zero by 2050.
TotalEnergies ENEOS Contacts
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Cautionary Note TotalEnergies
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Cautionary Note ENEOS Corporation
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