Bangchak and CPF Be a part of Forces to Energy the Future Remodeling Used Cooking Oil into Sustainable Aviation Gasoline (SAF).
Bangchak Company Public Firm Restricted and Charoen Pokphand Meals Public Firm Restricted (CPF) held a signing ceremony for a enterprise sustainability cooperation settlement to provide Sustainable Aviation Gasoline (SAF) from used cooking oil. Mr. Chaiwat Kovavisarach, Group Chief Govt Officer and President of Bangchak, and Mr. Prasit Boondoungprasert, Chief Govt Workplace of CPF, signed the settlement, with Mrs. Gloyta Nathalang, Senior Govt Vice President, Sustainability Administration and Company Communications of Bangchak, and Ms. Kobboon Srichai, Head of Company Affairs and Investor Relations of CPF, served as signatories and witnesses. Executives from Bangchak, CPF, and BSGF Firm Restricted, a Bangchak affiliate, had been current. The occasion happened at CP Tower on Silom Street.
Underneath the settlement, Bangchak and CPF will collectively handle used cooking oil and numerous fat from CPF’s meals manufacturing amenities, together with fat from CPF’s wastewater therapy vegetation and affiliated corporations, to provide SAF by way of BSGF.
Mr. Chaiwat Kovavisarach, Group CEO and President of Bangchak stated:
We’re grateful to CPF, one of many largest meals service suppliers in Thailand, for becoming a member of the ‘Fry to Fly’ initiative to provide SAF, the vitality of the long run.
“This effort not solely builds an economic system primarily based on the BCG (Bio-Round-Inexperienced) mannequin but in addition strengthens our collaboration on ESG rules, that are the cornerstone of sustainability immediately. It helps each enterprise operations and makes a constructive impression on the surroundings and society. This collaboration serves as a vital driving power, enabling each corporations to encourage constructive change and create a sustainable future.”
This collaboration between Bangchak and CPF offers quite a few advantages throughout a number of dimensions. Past including worth to meals manufacturing waste in a totally round financial mannequin, it additionally promotes environmental and well being sustainability. Used cooking oil from CPF’s restaurant manufacturers, equivalent to Chester’s, 5 Star, Iron Pan, and Hainanese Hen Rice, participates within the “No Repeat Frying” and “No Fry Left Behind” initiatives. These packages, applied by BSGF in collaboration with the Division of Well being below the Ministry of Public Well being since 2022, purpose to broaden a community of socially accountable entrepreneurs centered on environmental care and enhancing high quality of life and well being for Thai individuals. At present, greater than 800 private and non-private sector areas nationwide are taking part by supplying used cooking oil for SAF manufacturing. Remodeling this oil into SAF helps a extra eco-friendly aviation trade, decreasing CO2 emissions by as much as 80% in comparison with typical jet gasoline, a big step in addressing the local weather disaster.”
Mr. Prasit Boondoungprasert, Chief Govt Officer of CPF, acknowledged that CPF is dedicated to leveraging innovation to develop meals merchandise which are each helpful for bodily and psychological well-being. On the identical time, Bangchak is poised to transform used cooking oil from its manufacturing course of into Sustainable Aviation Gasoline (SAF), maximizing useful resource effectivity and decreasing environmental impression. This aligns with CPF’s Sustainovation method, which makes use of innovation to deal with meals safety and sustainable consumption. This collaboration focuses on managing used cooking oil (UCO) and fat from meals manufacturing and CPF’s wastewater therapy amenities to provide SAF. Moreover, there’s potential to broaden this initiative to CPF’s worldwide operations sooner or later.
Mr. Prasit Boondoungprasert, Chief Govt Officer of CPF, acknowledged:
This partnership marks a big step in driving each corporations’ sustainable enterprise methods and is a part of broader local weather motion efforts.
“By managing waste discount inside manufacturing processes, we purpose to reduce environmental and social impacts and create worth in keeping with the great Round Financial system method.”
The progress of BSGF’s SAF manufacturing unit, presently below development at Bangchak’s Phra Khanong Refinery, is on monitor, with over 70% completion up to now. Manufacturing is about to start in early Q2 of 2025, with an preliminary capability of 1 million liters per day.
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Bangchak and CPF Be a part of Forces to Energy the Future Remodeling Used Cooking Oil into Sustainable Aviation Gasoline (SAF). supply
