Thailand | 
June 4, 2024
BIG, a leader in climate technology innovation and a pioneer in driving energy transition in the Thai industrial sector, has partnered with RATCH Group Public Company Limited, a prominent energy and infrastructure company focused on creating value in the Asia-Pacific region. The collaboration involves signing a memorandum of understanding to explore the feasibility of producing green hydrogen from renewable energy sources both in Thailand and internationally. This collaboration aims to meet the future clean energy demand of the industrial, transportation, and power generation sectors. The collaboration with Ratch Group underscores both companies’ commitment to advancing the energy transition through innovation and technology with the ultimate goal of achieving carbon neutrality and net-zero greenhouse gas emissions and fostering a low-carbon society in the future.
Mr. Nitus Voraphonpiput, Chief Executive Officer of RATCH Group Public Company Limited, stated that the MoU signing represents a strategic partnership between RATCH Group and BIG which their strengths will be leveraged for developing green hydrogen by renewable energy and exploring related business opportunities. As a leader in power generation, RATCH Group can capitalize on its expertise in designing methods and models of renewable energy utilization in producing green hydrogen. Additionally, the company’s domestic and international renewable power plants can support this initiative. This is the first step of RATCH Group into the hydrogen fuel sector by building on its existing power generation business and enabling expansion to its renewable power production base, particularly in Australia. Furthermore, the hydrogen fuel business has been seen significant potential to create long-term value for the company, and green hydrogen as a future fuel is anticipated rapidly growing demand. More importantly, the hydrogen business also serves the company’s efforts in decarbonization and achievement in carbon neutrality by 2050.
Mr. Piyabut Charuphen, Managing Director of BIG, emphasized that BIG is advancing hydrogen innovation by drawing on the expertise of BIG and its parent company, Air Products from the USA, which is the world’s largest investor in green hydrogen projects. This includes the Neom project in Saudi Arabia, which produces over 600 tons of green hydrogen per day, and investments in low-carbon hydrogen production as part of the US’s seven regional clean hydrogen hubs project. BIG is committed to global sustainability with the strategy of ‘Generating A Cleaner Future’ in collaboration with all sectors. The company recognizes the importance of clean energy in driving the energy transition in Thailand, promoting the production and use of hydrogen energy, a key climate technology, to significantly reduce carbon dioxide emissions. The collaboration involves exploring business opportunities and developing green hydrogen production from renewable energy sources such as hydropower, wind, and solar energy from Laos, as well as wind and solar energy from solar panels in Australia. The green hydrogen produced will be used as fuel for the energy transition, helping industries and the country achieve the NDC Plan 2030 targets. Additionally, the use of green hydrogen supports the industrial sector in competing globally by complying with the European Union’s Carbon Border Adjustment Mechanism (CBAM).
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About BIG
BIG, a Climate Tech Company, is a leader in industrial gas and greenhouse gas reduction technology. The company operates as a member of Air Products and Chemicals, Inc., a New York Stock Exchange (NYSE)-listed company and a US Fortune 500 company that has consistently ranked in the Dow Jones Sustainability Index (DJSI) as a global sustainability leader for 13 consecutive years. Air Products’ dedication extends to providing top-tier industrial gas products, cutting-edge innovations, and gas utilization technologies to diverse industries. Moreover, Air Products leads as the largest investor in large-scale Green Hydrogen and Green Ammonia projects, including carbon storage technology, propelling the energy transition towards a Net Zero goal by 2050. For more information, visit www.bigth.com or www.airproducts.com.
About RATCH Group PCL.
RATCH Group Public Company Limited was established on March 7, 2000, with THB21,749,999,850 issued and paid-up capital. The Electricity Generating Authority of Thailand (EGAT), the major shareholder holds 45% equity. As a holding company, RATCH Group seeks investment in subsidiaries, and joint ventures in power and non-power businesses; infrastructure, power & energy-related, and healthcare. At present, the company has an operational base in Thailand, Lao PDR, Australia, Indonesia, Vietnam, the Philippines, and Japan with a total electricity generating capacity of 10,817.25 MW comprising 9,007.29 MW operating capacity and 1,809.96 MW of under-construction and development. RATCH Group has been secondly certified as a member of the Thai Private Sector Collective Action Against Corruption (Certified CAC) and received a rating of “Excellent” (5 stars) in the Corporate Governance Report 2023 (CGR) of Thai Institute of Directors (IOD) and SET ESG Ratings at AA by the Stock Exchange of Thailand. As at 31 March 2024, RATCH recorded THB 230,412 million of total assets, THB116,729 million of total liabilities and THB 113,683 million of shareholders’ equity. To learn more about RATCH Group, visit www.ratch.co.th.
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