Latest news with #Banpu
Nikkei Asia
18-05-2025
- Business
- Nikkei Asia
Thailand's Banpu and CP turn to Japan 'deep tech' for sustainability
BANGKOK -- Some of Thailand's biggest corporate groups are partnering with Japanese startups to improve sustainability, as the country seeks to speed up carbon emissions cuts. Japanese startup Algal Bio, which sprang from the University of Tokyo, has signed a joint research agreement with Thai coal producer Banpu on capturing carbon dioxide with microalgae.
Bloomberg
08-05-2025
- Business
- Bloomberg
CIP to Invest $500 Million in BKV Carbon Capture Joint Venture
BKV Corp. and a clean energy-focused investment fund of Copenhagen Infrastructure Partners have agreed to form a joint venture to expand carbon-capture projects in the US. Denmark-based CI Energy Transition Fund I has committed $500 million for up to a 49% stake in the venture. Denver-based BKV, a $1.6 billion market-cap firm owned by controlling shareholder Banpu Pcl, will roll two of its carbon capture projects into the venture, according to a statement reviewed by Bloomberg News.
Bloomberg
07-05-2025
- Business
- Bloomberg
Thailand's Banpu Power Eyes US Expansion Under Pro-Fossil Trump
Thai conglomerate Banpu Pcl is planning more acquisitions in the US as part of its growth strategy, a move designed to take advantage of President Donald Trump's fossil fuel-friendly policies and a boom in power-hungry data centers. Banpu Power Pcl, the group's electricity generation business, may pour more than half its $1.5 billion expansion budget into adding at least 750 megawatts in gas-fired power capacity in the US over the next five years, according to Chief Executive Officer Issara Niropas. Trump's pro-fossil fuel stance and the country's abundance of gas have increased the attractiveness of the US as an investment destination, he said.
Yahoo
20-02-2025
- Business
- Yahoo
Banpu subsidiary BKV announces carbon capture project in Texas
BKV, a subsidiary of Banpu Public Company, has announced a new carbon capture and sequestration (CCS) project in collaboration with a midstream energy company at a natural gas plant near Freer city in the Eagle Ford Shale in south Texas, US. BKV plans to purchase the plant's CO₂ waste stream, compress it and then transport it for permanent sequestration through an injection well on an adjacent site. The Texas Railroad Commission has approved the Class II injection well for the project. BKV has submitted the project's monitoring, reporting and verification (MRV) plan to the US Environmental Protection Agency for approval. The company expects to secure all environmental attributes linked to the CCS project. The project reached a final investment decision in December 2024, and operations are set to commence by the first quarter of 2026, contingent upon securing all necessary permits. Projected to have an annual average sequestration rate of 90,000 tonnes (t) of CO₂ equivalent (CO₂e), the venture is expected to bolster BKV's carbon capture, utilisation and sequestration (CCUS). This portfolio also includes the operational CCS facility at the Barnett Zero site in North Texas and the Cotton Cove CCS project, which is expected to start initial sequestration operations in the first half of 2026. BKV aims to reduce its emissions footprint by developing CCS assets and creating long-term value through innovative, sustainable energy solutions. Banpu Public Company CEO Sinon Vongkusolkitsaid: 'We are thrilled by BKV's commitment to achieving net-zero emissions from its owned and operated upstream and natural gas midstream businesses. This initiative aligns with BKV's closed-loop approach through its four business lines: natural gas production; natural gas gathering, processing and transportation; power generation; and CCUS. 'At Banpu, we remain committed to leading the sustainable energy transition. We will continue strengthening our leadership in reliable, low-carbon energy solutions through strategic investments in the United States and the Asia-Pacific region.' "Banpu subsidiary BKV announces carbon capture project in Texas" was originally created and published by Offshore Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
