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Bangkok Post – GGC Unveils Partnership to Generate Credits from Palm Oil

Article Summary:

Global Green Chemicals Plc (GGC), part of PTT Global Chemical Plc, has partnered with Thaicom Plc and the Thailand Greenhouse Gas Management Organization (TGO) to launch a smart palm oil farming project. This initiative aims to contribute to Thailand’s goal of achieving net-zero carbon emissions by 2050.

The memorandum of understanding outlines the project, titled “Developing Carbon Credits from Sustainable Palm Oil Cultivation.” It focuses on utilizing science and technology to monitor palm oil plantations and quantify carbon sequestration.

Through this project, the data collected will facilitate the registration of carbon credits under Thailand’s voluntary greenhouse gas reduction program. These credits signify the reduction of greenhouse gas emissions, supporting sustainability efforts in the palm oil sector.

Original Article:

Bangkok Post – GGC launches partnership for credits from palm oil

Global Green Chemicals Plc (GGC), the biochemical arm of PTT Global Chemical Plc, has partnered with Thaicom Plc and the Thailand Greenhouse Gas Management Organization (TGO) to launch a pilot smart palm oil farming project aimed at supporting Thailand’s 2050 net-zero target.

The three parties signed a memorandum of understanding for the initiative dubbed “Developing Carbon Credits from Sustainable Palm Oil Cultivation”, which will explore how science and technology can be used to monitor plantations and measure carbon sequestration.

The data should allow registration of carbon credits under Thailand’s voluntary greenhouse gas reduction programme.

Carbon credits represent the reduction of greenhouse gas emissions…

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