All data are based on the daily closing price as of May 22, 2024

Doosan Enerbility and EGAT Forge Partnership for Carbon-Free Power in Thailand

The MOU focuses on advancing carbon capture and ammonia cogeneration technologies, aligning with Thailand's green energy goals
South Korea
d 034020.KO Mid and Small Cap 2000
Share this on

Doosan Enerbility Co., a leading South Korean power plant builder, is set to enhance Thailand’s journey towards carbon-neutral energy generation. The company recently signed a memorandum of understanding (MOU) with the Electricity Generating Authority of Thailand (EGAT), a major state-owned utility responsible for 33% of the nation’s electricity supply. This collaboration marks a significant step in promoting carbon-free power technologies in Thailand.

Under this MOU, Doosan Enerbility and EGAT will focus on implementing carbon capture, utilization, and storage (CCUS) technology in Thailand’s power plants. Furthermore, the partnership aims to establish a broad framework for introducing advanced carbon-free power generation methods, including ammonia cogeneration, renewable energy, and hydrogen technologies.

Kim Jeong-kwan, Head of Doosan Enerbility, expressed optimism about the alignment of Doosan’s zero-carbon power generation technology with EGAT’s CCUS roadmap. He anticipates dynamic cooperation on various eco-friendly power projects in Thailand.

This agreement is part of Doosan Enerbility’s broader initiative to accelerate the commercialization of CCUS technology. The company has been actively involved in this field in Korea, including a significant wet carbon capture technology transfer agreement with KEPCO’s Electric Power Research Institute in 2021.

This joint venture between Doosan Enerbility and EGAT is a strategic move towards reducing carbon emissions in Thailand’s power sector, contributing to the global effort to combat climate change. It underscores the growing importance of international collaborations in advancing sustainable energy solutions.

Share this on
Jakota Newsletter

Stay ahead in the JAKOTA stock markets with our roundup of vital insights

Icon scroll to top