16 September 2022
Sustainable Aviation Fuel (SAF), An Important Step in Combating Global Warming
Integrating the BCG Economy Model, Buying Used Cooking Oil to Produce Thailand’s First “Low-Carbon Sustainable Aviation Fuel”
Sustainable Aviation Fuel (SAF) is an alternative for a sustainable world, helping to reduce carbon dioxide emissions from the aviation industry, especially with the industry planning to achieve Net Zero by 2050.
Today, Bangchak Corporation Public Company Limited is reaffirming its position as the Leader in Energy Transition, by entering a joint venture with Thanachok Oil Light, and BBGI Public Company Limited to the establish BSGF Company Limited produce and distribute sustainable aviation fuel (SAF) from used cooking oil in a THB 8,000 – 10,000 million deal. SAF can immediately be adopted by the aviation industry the world over without affecting engine performance.
This momentous partnership will make BSGF the first and only producer and distributor of “low-carbon aviation fuel” in Thailand, and the second in Asia.
Reaffirming its Position as the Leader in Energy Transition with the SAF Business, Reducing Carbon Emissions by 80%
Chaiwat Kovavisarach, Group Chief Executive Officer and President, Bangchak Corporation Public Company Limited, stated that “when all roads lead to Net Zero, all industries are finding ways that suit them, such as the Formula 1 industry preparing to adopt 100% Sustainable Fuels by 2026.
For the aviation industry, SAF from used cooking oil can reduce carbon dioxide emissions by 80%, relative to present aviation fuels. The SAF production unit being built by BSGF is expected to be ready to serve domestic and international aviation industries by the fourth quarter of 2024, featuring an initial daily production capacity of 1 million liters, helping to reduce greenhouse gas emissions from air travel and transport by approximately 80,000 tons carbon dioxide equivalent annually, in line with measures from the International Civil Aviation Organization (ICAO) and International Air Transport Association (IATA) which has set Net Zero target for the global aviation industry by 2050.”
BSGF
is ready to expand its capacity to address the increasing demand for SAF globally, reflecting the progressive European Union’s SAF requirement for all flights entering European Union airports to support the global aviation industry’s target Net Zero target in 2050.
Good for the environment and society, preventing repeated use or improper disposal.
With regards to the important questions many have about sourcing and collection of used cooking oil, Tanawat Linjongsubongkot, Managing Director, Thanachok Oil Light Company Limited, which specializes in the systematic management of used cooking oil in Thailand for over 4 decades, explained that Thanachok collects 98% of used cooking oil from various fast food chains and restaurants in the market, the export food and snack industry, and from the used cooking oil collection network in communities, residential areas etc. covering 77 provinces nationwide, cumulatively collecting about 17 million liters of used cooking oil monthly.
“SAF production will benefit efforts to raise environmental awareness to prevent repeated use or improper disposal in public areas or in drains and water sources, which has always been the main objective of Thanachok’s social projects. Thanachok and Bangchak Group, on behalf of BSGF, will collaborate to further expand the collection capacity of used cooking oil for the production of SAF.”
Benefits the economy, society, and the environment, completely aligned with the BCG Economy Model.
BSGF is also supported by operational biodiesel plant expertise, technology, and sufficient feedstock from BBGI Public Company Limited.
“SAF has many raw materials, but SAF from used cooking oil benefits the economy, society, and the environment, completely aligned with the BCG Economy Model. This joint venture is part of BBGI’s strategy to achieve the Net Zero goal in 2050.” Kittiphong Limsuwannarot, President and Chief Executive Officer, BBGI Public Company Limited, added.
Mitigating the global warming crisis is not someone’s, but every one’s responsibility. The readiness to produce SAF via BSGF will foster an ecosystem that can address the environmentally responsible demands of air passengers, with a product that not only reduces carbon emissions to the atmosphere, but also systematically manages used cooking oil, benefitting health and the environment, creating a high value fuel with a global demand that makes each journey a sustainable alternative.
