BIG Partners with Bangchak to Explore CO₂ Utilization in Support of Net Zero Goals

Bangkok – 7 October 2025

BIG, Thailand’s leading innovative industrial gases solution and carbon reduction technologies, has signed a Memorandum of Understanding (MOU) with Bangchak Corporation Public Company Limited to jointly study and develop technologies for carbon dioxide (CO₂) utilization from Bangchak’s Phra Khanong refinery.

This collaboration aims to explore opportunities to apply and utilize CO₂ captured through Bangchak’s carbon capture process, with the goal of reducing greenhouse gas emissions and supporting both organizations’ and the nation’s targets for Carbon Neutrality and Net Zero emissions.

Under the MOU, the two parties will work together on the following key areas:

• Exploring CO₂ Utilization Opportunities: Studying and applying technologies to efficiently utilize CO₂ from identified sources.
• Feasibility Study and Pilot Testing: Conducting feasibility assessments and pilot testing using CO₂ captured from Bangchak’s carbon capture pilot project.
• Direct Flue Gas Utilization: Evaluating the potential to directly utilize flue gas from Bangchak’s Phra Khanong refinery to enhance carbon capture and utilization efficiency.

Ms. Orla Charoenlap, Chief Finance Officer of BIG, stated “BIG is committed to driving the industry forward through our strategy Generating a Cleaner Future, contributing to Thailand’s journey toward Net Zero. This partnership with Bangchak marks a significant step in applying technology and innovation to utilize captured CO₂, helping reduce greenhouse gas emissions in a sustainable way.”

Ms. Kittima Wongsaen, Senior Executive Vice President of Bangchak Corporation, added “As a leader in energy transition, Bangchak has always been committed to environmentally responsible business practices. This collaboration with BIG will allow us to further enhance the value and practical use of captured CO₂, aligning with our BCP 316 Net roadmap toward a low-carbon business and ultimately achieving Net Zero emissions.”

This partnership represents a major milestone in applying technology and innovation to address environmental challenges and serves as a strong example of private sector collaboration in building a low-carbon society.

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About BIG

BIG is Thailand’s leading low-carbon industrial gas solutions, serving the energy, environmental, and emerging markets under the strategy Generating a Cleaner Future. BIG offers a wide range of industrial gas products, technologies, and applications across industries such as petrochemicals, chemicals, metals, electronics, manufacturing, pharmaceuticals, and food.

BIG is a member of the Air Products group, a global leader in industrial gases with over 80 years of experience. As the world’s largest hydrogen supplier, Air Products is actively developing and operating the world’s largest clean hydrogen projects to support the transition to low-carbon and zero-carbon energy in large-scale industrial and transportation sectors, with a Net Zero target by 2050.

For more information, please visit www.bigth.com  or www.airproducts.com.

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About Bangchak Corporation

Bangchak Corporation Public Company Limited is a Thai energy company committed to environmental and social responsibility, aiming to ensure national energy security. The company drives its business through innovation to ensure continuity and sustainability for both the organization and Thai society. Bangchak operates across five core businesses, covering upstream to downstream operations, along with one innovation and business incubation institute.

For more information, please visit www.bangchak.co.th