PTT investing THB550 million in green innovation

Yuttana Suwanchote, executive vice president of PTT Plc’s Institute of Corporate Innovation, revealed that the institute had allocated a budget of 450 million baht, with an additional related budget of around 100 million baht for next year.

The allocation aims to advance the operations of the institute under three main missions.

Innovation for new growth involves:

— Investing in the production of silicon carbide (wafer fabrication) upstream chips in at least one project within the smart electronics category.

— Studying the feasibility of producing green hydrogen in Thailand, including making investment decisions in related projects.

— Establishing a battery testing lab to generate income from technical consulting, analysis, and testing of EV battery laboratory practices.

— Developing products in the advanced wound care category, certified ISO 13485 and registered with…