Thailand is set to pioneer its first commercial green hydrogen venture, partnering with Beijing Mingyang Hydrogen Technology Co Lt, reports Borneo Bulletin. In collaboration with Thailand’s IBCLNG Co Ltd, the Chinese firm will spearhead a 25-MW electrolysis project, contributing to Thailand's green transition. The initiative aims to produce green hydrogen using cutting-edge electrolyzers, fostering eco-friendly steel production and reducing carbon footprints. This marks a crucial step in Thailand's commitment to carbon neutrality by 2050.
In a groundbreaking development, Thailand is poised to embark on its inaugural commercial green hydrogen project, signaling a transformative shift towards sustainable practices. This ambitious endeavor is the result of a collaboration between Chinese new energy company Beijing Mingyang Hydrogen Technology Co Ltd and Thailand's first liquefied natural gas distributor, IBCLNG Co Ltd.
The agreement, signed on Friday, outlines plans for a 25-MW electrolysis project, a key component in Thailand's journey towards a greener and low-carbon future. Under this partnership, IBCLNG will procure state-of-the-art electrolyzers from Mingyang Hydrogen. The Chinese company will not only provide technical expertise but also offer personnel support for constructing an integrated "generation, storage, and utilization" green hydrogen infrastructure in Thailand.
The primary focus of this initiative is to channel the resulting green hydrogen downstream to steel enterprises. This move is anticipated to revolutionize steel production, fostering environmentally friendly practices, mitigating carbon footprints, and bolstering overall production sustainability.
Charernsook Siriyong, Deputy Managing Director of IBCLNG, emphasized the significance of hydrogen as a clean and versatile secondary energy source, playing a pivotal role in the global energy transition. He highlighted the shift from gray hydrogen, derived from fossil fuels, to green hydrogen, produced through water electrolysis using renewable sources like wind, hydropower, and solar.
Siriyong underscored the importance of embracing green practices in light of the European Union's implementation of a carbon border adjustment mechanism. This mechanism imposes "carbon tariffs" on products from regions with lenient carbon emission restrictions. Failing to adopt sustainable practices could result in increased export costs and loss of market advantage.
Mingyang Hydrogen's Vice Chairman, Shen Zhongmin, emphasized that the collaboration transcends mere product transactions. It represents a high-quality international cooperation solution for climate change, positioning hydrogen as a major source for green energy.
Thailand's commitment to achieving carbon neutrality by 2050 and net-zero emissions by 2065 is evident in its strategic roadmap. The government urges stakeholders to take proactive measures to reduce greenhouse gas emissions, with major energy companies already investing in hydrogen technology.
The Thai-Chinese collaboration in the green hydrogen sector marks a significant milestone in Thailand's commitment to sustainable practices. This venture not only signifies a groundbreaking shift towards eco-friendly steel production but also aligns with Thailand's ambitious goals of carbon neutrality by 2050. As the partnership unfolds, it sets the stage for a transformative journey towards a greener and more sustainable future.