Bangchak expands green energy portfolio with UK start-up Transitus Energy

[webfact]

 

By Panithan Onthaworn

 

Bangchak Corporation Plc (BCP), one of Thailand’s leading energy firms, unveiled its investment in Transitus Energy, a hydrogen-focused energy start-up based in the United Kingdom, as part of green business expansion.

 

Chief executive Chaiwat Kovavisarach said that Bangchak’s subsidiary BCP Innovation (BCPI) has signed an initial agreement with Transitus, with BCPI acquiring 40 per cent of stake.

 

“Bangchak is advancing our policy of investing in world-changing businesses,” Chaiwat said, adding that the investment will support the world’s transition to zero greenhouse gas emissions over the coming decades.

 

Full story: https://www.thaienquirer.com/37540/bangchak-expands-green-energy-portfolio-with-uk-start-up-transitus-energy/

 

-- © Copyright Thai Enquirer 2022-02-15

 

- Aetna offers a range of visa-compliant plans that meet the minimum requirement of medical treatment, including COVID-19, up to THB 3m. For more information on all expat health insurance plans click here.

 

- Follow ASEAN NOW on LINE for breaking COVID-19 updates

 

[PETERTHEEATER]

To produce hydrogen from natural gas requires large amounts of cheap electricity for electrolysis. The North Sea 'plan' uses wind generated electricity. Thailand produces natural gas from its own Gulf of Siam fields but has no source of cheap electricity.

This article is little more than a report of Thai investment in a foreign company in expectation of a good financial return.