Siam Cement Group (SCG), Thailand’s top industrial conglomerate, has been in talks with brokers to sell carbon credits generated by its THB6bn waste-heat power generation (WHG) system, the Bangkok Post reports.
WHG is to be installed at all SCG’s cement plants in Thailand and Cambodia by the end of this year. The project is expected to reduce greenhouse-gas emissions from the plants by 300,000tpa.
"We have studied the possibility of selling carbon credits for some time and have already started talking with financial institutions who act as carbon-credit brokers for carbon trading," said Pramote Techasupatkul, president of SCG Cement, a cement arm of Siam Cement.
"The decision is targeted to be concluded in the next few months."
WHG is expected to enable the group to cut energy bills by THB1.6bn annually, higher than a previous estimate of THB1.2bn, he said.
"On top of the savings, we can sell carbon credits to the global market, where there is high demand," he said.