Bangchak Corporation Plc, the energy giant, has pledged to harmonise its business expansion with a reduction in greenhouse gas emissions over the next seven years. Chaiwat Kovavisarach, the CEO, emphasised the need to merge profitability with active initiatives to shrink the global warming-causing gases.
The company and its subsidiaries are due to receive an allocation of 150 billion baht for the period from 2024 to 2030. The budget will be split equally, with 30% going towards oil refineries and marketing strategies, and another 30% being directed to the upstream petroleum business.
The same percentage will be used to facilitate power generation through the development of clean energy. The remaining 10% will support Bangchak’s bio-based and new businesses.
Okea ASA, an oil and gas drilling firm owned by Bangchak and based in Norway, is ramping up its production…
