Thai Airways International Plc (THAI) has lately partnered with Bangchak Corporation Plc to signal a Memorandum of Understanding (MOU) specializing in technical and professional knowledge sharing in the area of Sustainable Aviation Fuel (SAF) utilisation.
The chief of corporate technique at THAI, Taviroj Songkumpol, stated that the nationwide provider has been striving for over 63 years to maintain a steadiness between economic concerns and the well-being of society and the environment by way of responsible business practices.
Thamarat Paryoonsuk, senior executive vice president for Bangchak’s Refinery Business Group, emphasised the company’s dedication to its persevering with vision of “Crafting a Sustainable World with Evolving Greenovation.”
Remote is actively developing and expanding its core businesses, Bangkok Post reported. It can be accelerating investments in green and sustainable enterprises to arrange for future technological advancements and the challenges posed by local weather change.
In 2022, Bangchak established Thailand’s first and solely company dedicated to producing SAF from used cooking oil. This initiative aims to transform the Bangchak refinery into a biorefinery able to producing biofuels to scale back greenhouse gasoline emissions within the transportation sector. The senior vice chairman also highlighted that SAF adds worth to used cooking oil and contributes to reducing carbon dioxide emissions from the aviation trade.
Earlier this month, it was reported that THAI was anticipated to build up a minimum of one hundred thirty billion baht in revenue this 12 months after its internet profit within the first quarter reached 12.5 billion baht. THAI CEO Chai Eamsiri highlighted that the national provider generated 41.5 billion baht of revenue in the course of the first quarter, a formidable enhance of 271.2% compared to the revenue of eleven.1 billion baht during the identical period final 12 months.
This notable progress is attributed to the rise in industrial flights. The improved earnings offered the carrier with 42.2 billion baht of money move, a major improve from 5.7 billion baht final yr..