PTTEP unveils 2050 net zero target

Thailand’s national upstream oil and gas company has announced plans to achieve net zero greenhouse gas emissions by 2050. New projects with an emphasis on natural gas and greenhouse gas intensity will be factored into PTTEP’s investment decision-making in the “EP Net Zero 2050” concept.

B.Grimm eyes overseas power acquisitions

B.Grimm Power Plc (BGRIM), an energy developer with the largest capacity in the small power producer segment, expects to finalise 2-3 acquisitions of power generation assets in the first half of this year.

Carbon neutral quest

Setting net-zero targets has moved higher on many Asian corporate agendas. A warming planet is increasing the risks for their businesses, which could include supply chain disruption, damage to infrastructure, rising labour costs and irregular natural resources flows, the Intergovernmental Panel on Climate Change (IPCC) has pointed out.

40m to benefit from fuel price plan: govt

At least 40 million people are expected to benefit from the government’s 10-point plan to ease the impact of fuel price increases arising from the Ukraine-Russia crisis, said government spokesman Thanakorn Wangboonkongchana.

Banpu preps 2 solar farms

Non-oil energy conglomerate Banpu Plc plans to start operations of two new floating solar farms, featuring the largest installed capacity developed by a private company, in the middle of this year.