CP group and Toyota Motor Corp. announced on Monday their plan to commence hydrogen production in the country this year. Thailand’s wealthiest family-controls CP Group (Charoen Pokphand Group).
Toyota, in collaboration with engineering firm Mitsubishi Kakoki Kaisha, will develop equipment to produce hydrogen using biogas. Hte biogas will derive from local chicken manure and food waste found at CP Group’s farms. The installation of this equipment will take place in November at Toyota’s Asia-Pacific headquarters in Samut Prakan province.
This facility will be capable of generating 1,000 liters of hydrogen per hour. It represents Toyota’s inaugural pilot project for producing hydrogen from biogas. Toyota will construct a system to compress, store, and transport both the biogas and hydrogen. However, Toyota has not disclosed the investment cost for this initiative.
CP Group and Toyota Collaboration to reduce carbon emissions
Toyota and CP Group, Thailand’s largest conglomerate with interests in retail, distribution, and agriculture, initially announced their partnership in December. The collaboration aims to utilize hydrogen to power CP Group’s delivery trucks and contribute to reducing the company’s carbon emissions.
Hydrogen gas production is important for the environment due to its potential to serve as a clean and sustainable energy source. Various sectors use hydrogen as a clean fuel. These sectors include transportation, industry, and power generation, replacing fossil fuels and reducing carbon emissions. Additionally, hydrogen gas can be stored and used as an energy storage solution, helping to integrate intermittent renewable energy sources into the grid and enhance overall energy system resilience.
CP Group is a prominent global producer of animal feed and livestock. The Chearavanont brothers own CP Group. They currently hold the position of Thailand’s richest individuals, with a net worth of $34 billion. The family’s patriarch, Chia Ek Chor, and his brother Choncharoen established the business in 1921 as a seed shop importing products from China to Thai farmers.