Siam Cement Group invests THB100bn in environmental performance

Siam Cement Group invests THB100bn in environmental performance
16 December 2022

Siam Cement Group has laid out its investment plans for the next five years, showing a strong emphasis on environmental issues and moving towards establishing circular economies.

The company announced that it will invest THB100bn (US$2.89bn) through the end of 2027 in areas such as renewable energy, while also continuing efforts to decarbonise its main building materials and chemicals businesses.
 SCG plans to strengthen its position in manufacturing materials for solar power generation and lithium-ion batteries for electric vehicles. In the solar power business, it aims to expand power generation to about 15 times the current capacity, or 3000MW by 2027.

Siam Cement Group is rushing to develop a more circular business, including a focus on recycling, reduction of greenhouse gas emissions and development of products with a smaller environmental footprint. SCG has set a goal of realising net zero greenhouse gas emissions by 2050.

Published under Cement News