Thailand-based Banpu Corporation has announced plans to shift away from fossil fuels in favour of cleaner fuel sources and has earmarked its windfall profits from operations to finance this transition. By 2025, the corporation is aiming to reduce the share of revenue generated by coal from roughly 67 percent to 50 percent. This will be lowered in favour of increased natural gas and electricity production, as well as green technology such as solar and carbon capture.
Banpu has earmarked investments of between USD800 million and USD1.3 billion till 2025 to expand its gas and green energy portfolio. The company is also exploring opportunities to develop its floating and rooftop solar portfolio, as well as gas-fired power plants and pipelines.