BIG Highlights 4 Key Factors Hampering Thai Industry, Promotes Climate Technology to Foster Understanding and Sustainable Growth

BIG Highlights 4 Key Factors Hampering Thai Industry, Promotes Climate Technology to Foster Understanding and Sustainable Growth

Bangkok Biz News hosted the “Sustainability Forum 2025: Synergizing for Driving Business”, a platform for various sectors to exchange strategies and experiences for sustainable operations. The event, held on December 3-4, 2024, at Paragon Hall, Siam Paragon, emphasized driving businesses towards a sustainable future encompassing economic, social, and environmental dimensions.

Piyabut Charuphen, Managing Director of BIG, delivered a special talk titled “Generating a Cleaner Future” He highlighted that the Thai industrial sector has been experiencing a continuous decline for the past 4-5 years, with a contraction rate of 3%. Future challenges such as intensified competition, trade barriers, rising energy costs, and carbon taxes due to climate change are expected to further hinder the industry.

To address these challenges, the industrial sector must strive for net-zero emissions. However, achieving low-carbon operations can be burdensome. BIG, with over 30 years of experience and expertise in hydrogen technology, offers sustainable solutions to help industries reduce costs.

“It’s no surprise that industries view sustainability as a burden. Sustainable growth requires both capital and the ability to provide opportunities to diverse communities. This is the core of business and a great opportunity. However, the world will face challenges such as trade wars, geopolitics, artificial intelligence, and climate change, all of which are fundamentally linked to energy sources.”

He further emphasized that these challenges also present opportunities. By driving energy transition and creating a cleaner future, industries can capitalize on new opportunities. BIG is leveraging innovations like carbon capture technology, hydrogen technology, and carbon management platforms to facilitate this transition. Hydrogen, in particular, can reduce greenhouse gas emissions by up to 30%.

BIG’s parent company, Air Products, has invested heavily in hydrogen technology, making it well-positioned to support industries. The company plans to launch blue hydrogen projects in the US, build the world’s largest carbon capture facility, and produce green hydrogen in Saudi Arabia, which will eventually be imported to Thailand.

Moreover, BIG is offering investment opportunities for businesses seeking to reduce their carbon footprint. This involves measuring greenhouse gas emissions from end-to-end through climate technology. BIG has successfully implemented these solutions for government agencies and private companies, such as the Excise Department, PTT Group, and Toyota.

“By collaborating with the Thailand Post to convert delivery vehicles to hydrogen-powered, partnering with BJC BIG C to utilize hydrogen-powered vehicles in transportation and industry, and working with the Electricity Generating Authority of Thailand (EGAT) to pilot hydrogen blending in power generation, we are demonstrating the potential of hydrogen.”

Piyabut concluded that achieving sustainability while reducing costs is challenging and requires a systemic approach. Industries must collaborate to create an ecosystem with a shared goal of carbon reduction. By fostering innovation, gaining a competitive edge, and scaling renewable energy, industries can utilize climate technology to drive sustainable growth.