Thailand’s state-owned PTT Pcl is setting its sights on a future in electric vehicles (EV) and more renewable power, its top executive said on Tuesday.
“We have a new vision,” Auttapol Rerkpiboon said, laying out plans for growth and increasing its renewable power target to 12 gigawatts (GW) by 2030, from 8 GW previously.
“Energy has arrived at a point of change, moving more towards renewables, and fossil fuels are contributing to climate change – its time we adjust our vision.”
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PTT also targets 9 million tonnes of liquefied natural gas per year and reach 8 GW of electricity from conventional sources by 2030. It plans to have at least 30% of net income from new energy and business sources like EV, life science and logistics by 2030, Auttapol said.
In May it announced a partnership with Taiwan’s Foxconn on…
