Thailand’s Siam Cement Group (SCG) embarks on a journey into hydrogen technology, aiming to revolutionize the country’s mobility sector.
SCG’s President and CEO, Thammasak Sethaudom, underscores the group’s commitment to diversifying risk and embracing new green mobility technologies. With a focus on hydrogen, SCG aims to leverage this renewable fuel to revolutionize its logistics business and contribute to Thailand’s journey towards a zero-carbon society.
In December 2023, SCG forged strategic alliances with industry giants such as CP Group and Toyota through the Commercial Japan Partnership Technologies Corporation (CJPTC). Together, they aim to optimize technologies for achieving carbon neutrality in Thailand, with hydrogen emerging as a key focus area. The collaboration encompasses the development of hydrogen as a green fuel for various vehicles, including trucks and minivans, catering to the evolving needs of Thai logistics businesses.
Thailand’s automotive sector has long been a regional powerhouse, and SCG’s ventures into EVs and hydrogen align with the country’s aspirations to maintain its position as Southeast Asia’s automotive hub. While EVs dominate the passenger car segment, hydrogen emerges as a promising alternative for heavy-duty vehicles, addressing challenges related to battery capacity and long-distance transportation.
SCG’s investments in hydrogen extend beyond transportation, with initiatives like the deployment of EV mining trucks in cement-making processes, aimed at reducing carbon emissions. With a substantial investment budget earmarked for EV-related businesses and hydrogen value chain development, SCG is poised to catalyze the transition towards a greener, more sustainable future.
