Green Methanol Production Being Studied by PTT

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National oil and gas conglomerate PTT Plc is considering building a green methanol production facility at an estimated cost of 3.1 billion baht to support its plan to reduce carbon dioxide emissions and produce methanol-derived fuels.

This could have business potential because demand for biofuel in the aviation industry is expected to soar to 364 million tonnes a year in 2025, up from 215 million tonnes in 2020, he said, citing a study released by the World Economic Forum.

Green methanol can be used to produce biofuel for aircraft, said Mr Buranin.

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Article Details

Category: EconomyBusiness

Markets: ThailandGermany

Topics: Buranin Carbon Production Tonnes Green Produce Methanol Thyssenkrupp Emissions Company Technology

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-03-29 @ 06:05:00 (1 months ago)

News Timezone: GMT +8:00

News Source URL: bangkokpost.com

Language: English

Article Length: 477 words

Reading Time: 3 minutes read

Sentences: 23 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bangkok Post

News ID: 20546685

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About Bangkok Post

Main Topics: EconomyBusiness

Official Website: bangkokpost.com

Update Frequency: 1 posts per day

Year Established: 1946

Headquarters: Thailand

News Last Updated: 22 hours ago

Coverage Areas: Thailand

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Publisher ID: #66

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