Environmentally friendly Hydrogen: A New Frontier for Thailand and Saudi Arabia

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In April 2023, Thailand’s point out-owned oil and gasoline conglomerate, PTT Team, announced that it would invest $7 billion in developing environmentally friendly hydrogen with ACWA Ability, Saudi Arabia’s top renewable energy company.

The challenge aims to develop a plant in Thailand that can deliver 225,000 tons of green hydrogen yearly, equivalent to about 1.2 million tons of ammonia .

Inexperienced hydrogen is a type of renewable electrical power that is created by employing electrical power from solar, wind, or other sources to break up h2o molecules into hydrogen and oxygen. Contrary to fossil fuels, inexperienced hydrogen does not emit any greenhouse gases when applied, creating it a clear and sustainable different for a variety of purposes.

One of the most promising takes advantage of of inexperienced hydrogen is to electricity electric automobiles (EVs), specially significant-obligation automobiles these types of as buses, trucks, and trains that demand additional electricity than batteries can provide. Environmentally friendly hydrogen can also be transformed into ammonia, which can be employed as a fertilizer, a chemical feedstock, or a gasoline for ships and power crops.

Thai government’s targets of carbon neutrality by 2050

The investment decision is section of PTT’s internet-zero method, which aligns with the Thai government’s targets of carbon neutrality by 2050 and internet-zero emissions of greenhouse gases by 2065. PTT’s CEO Auttapol Rerkpiboon said that the task is the to start with phase to drive Thailand to be an international exporter of green electric power. He additional that the objective is to source green hydrogen and ammonia to energy EVs in ASEAN nations around the world and outside of.

The job is also substantial for the diplomatic relations concerning Thailand and Saudi Arabia, which had been restored in January 2022 after extra than a few a long time of estrangement thanks to the Blue Diamond Affair. The affair associated the theft of $20 million value of jewels from a Saudi prince’s palace in 1989 by a Thai worker, adopted by a series of murders and protect-ups that soured the ties among the two international locations.

The inexperienced hydrogen deal is seen as a sign of mutual have faith in and cooperation amongst Thailand and Saudi Arabia, as well as a shared eyesight for a clear and affluent upcoming. ACWA Power’s CEO Paddy Padmanathan said that the partnership with PTT will build new chances for equally countries in the rising inexperienced hydrogen marketplace. He also said that ACWA Electrical power is dedicated to supporting Saudi Arabia’s Vision 2030, which aims to diversify the financial system and lower its dependence on oil.

World demand from customers for inexperienced hydrogen could reach 800 million tons by 2050

Green hydrogen is anticipated to perform a crucial job in the world electricity transition and decarbonization initiatives. According to BloombergNEF, the world wide demand for green hydrogen could access 800 million tons by 2050, up from significantly less than 1 million tons now. The International Power Agency (IEA) also estimates that environmentally friendly hydrogen could account for 19% of total remaining power intake by 2050, if supported by sturdy guidelines and investments.

Thailand and Saudi Arabia are amongst the nations that are getting proactive steps to faucet into this probable and turn into leaders in the eco-friendly hydrogen sector. By investing in environmentally friendly hydrogen output and usage, they are not only lessening their environmental effect but also making new financial options and strengthening their bilateral ties.



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