Thailand’s state-owned oil and gas firm, PTT Plc, is set to transform Laem Chabang deep-sea port into a leading example of green ports across the country.
Noppadon Pinsupa, the Chief Operating Officer of PTT’s Downstream Petroleum Business Group, revealed plans on Nov. 12 for the development of the GPC International Terminal. The terminal, the victor in the bid for the third phase of the Laem Chabang’s development, is expected to receive land from the Port Authority of Thailand for development in 2025.
The next phase of Laem Chabang Port could focus on green initiatives. (Photo: Hutchison Ports Thailand)
The Port Authority of Thailand is currently reclaiming the land for the construction of the port. PTT, through its subsidiary PTT Tank Terminal Co, is part of the consortium developing the port, in collaboration with Chec Oversea Infrastructure Holding Pte, Noppadon said.
“Once the area is handed over, construction is expected to take about two years. We will develop the seaport to be a green port.”
The green port will use renewable energy for its power supply and will rely on electric vehicles and machinery for operations.
Upon completion of the third phase, Laem Chabang will be equipped to host the biggest cargo ships, leveraging cutting-edge technology and automation. Noppadon also emphasized the port’s planned efficient logistics integration with the Eastern Economic Corridor, a key element in strengthening Thailand’s economic growth.
PTT is embarking on a strategic reinvestment phase, seeking new ways for future growth. The decision comes in response to the plateauing of its traditional businesses, primarily centered around the oil refinery and petrochemical sectors.
Recognizing the limited potential for income enhancement in these sectors, the national energy conglomerate underscores the imperative for proactive reinvestment to ensure sustained and diversified growth.
