Mr. Thepparat Theppitak, EGCO Group's President, said that the commencement of the "Oil Pipeline System to Northeastern Region" operation will enhance the company's energy-related businesses, particularly the fuel and other infrastructure business group. The project will reduce carbon emissions by 80,000 tons of CO2 equivalent per year. TPN's customers will receive carbon credits from using this energy service. The project will also support EGCO Group's long-term goal of achieving Net Zero emissions by 2050.
The pipeline system is a large-scale project which is important to the country's overall economy. The project effectively supports the government's policy and directly addresses the rising oil demand in the northeastern region. Meanwhile, it will help increase efficiency in oil supply in the northeast while reducing costs, traffic and risk of road accidents.
TPN operates the oil pipeline system to the northeastern region and the oil depot. The pipeline system covers a total distance of 342 kilometers and has an annual transport capacity of up to 5,443 million liters. TPN's pipeline connects the oil depot of Thai Petroleum Pipeline Co., Ltd. (Thappline) in Saraburi province with TPN's oil depot in Ban Phai district of Khon Kaen province which has 157-million-liter storage capacity, which is the largest and most modern in the northeastern region. The project has started providing service to oil trucks from leading Thai oil retailers since September 2023.
About EGCO Group
EGCO Group has total equity capacity of 6,969 MWe in operation and under construction. Total equity capacity from renewable energy is 1,364 MWe (equivalent to 20% of the total portfolio and growing). The RE portfolio includes biomass, hydropower, solar power, wind power, fuel cells, and battery storage. EGCO Group's facilities and other projects are located in eight countries, namely Thailand, Lao PDR, the Philippines, Indonesia, Australia, South Korea, Taiwan and USA. In addition to power business, other energy-related businesses of the company include Thai Pipeline Network Co., Ltd. (TPN), EGCO Rayong Industrial Estate, Peer Power which is a new financial technology company, and Innopower which is a high tech start up incubator that EGCO Group owns together with its partners EGAT and RATCH Group. EGCO Group has been named to the Dow Jones Sustainability Index (DJSI) for the last three years. Learn more about EGCO Group through our website at www.egco.com or on social media at www.facebook.com/EGCOGroup.
Source: Electricity Generating