CP, Toyota Collaborate to Attain Carbon Neutrality in Thailand

Charoen Pokphand Group (CP) and Toyota Motor Corporation (Toyota) will discuss ways to work together in Thailand to make the country carbon neutral. The companies are eager to welcome any partners who share their viewpoints.

Since its inception in 1921, CP has been guided by three basic values: benefit to country, to people, and to organisation. CP provides easy access to high-quality products and is expanding its operations in Thailand to include retail (such as 7-Eleven), distribution, industrial products, agricultural products, and livestock.

In the shipping and delivery business, CP has helped the lives of Thai people by shipping and delivering a wide range of goods while taking into account social, economic, and environmental impacts as well as measures for sustainability.

Also, Toyota's business in Thailand has the support of several stakeholders, such as Siam Cement Group, which is an important local partner for Toyota. It has grown along with the development of Thai society through products, tax payments, jobs, and the transfer of technology. It has also overcome many problems, such as the Asian financial crisis in 1997 and the floods in 2011.

Akio Toyoda, President and CEO of Toyota, commented, "The two companies, both of which consider the best for Thailand and the Earth, have agreed to proceed with what we can do now by using each company's strengths and assets. I believe that taking this crucial step will allow us to be rewarded with appreciation from the country and will change the future landscape." Dhanin Chearavanont, Senior Chairman of C.P. Group, responded, "What President Toyoda and I share is affection and gratitude to Thailand, and both of us very much want to give back to the country. I am delighted that both companies have an opportunity to jointly consider collaboration toward carbon neutrality in Thailand and welcome any companies that share the same carbon neutrality ambitions."

Specifically, CP and Toyota will study social implementation in the following three areas:

• Production of hydrogen using biogas derived from farm wastes (with a focus on economic zones)
• Introduction of fuel cell delivery trucks into CP's fleet, which are to use the above-mentioned hydrogen (provide a variety of solutions such as BEV and FCEV, considering travel distance and load weight)
• Efficient logistics by proposing optimised delivery routes through connectivity technology

By coordinating these efforts, the two businesses will do what they can to cut carbon dioxide emissions across the board in the energy sector, from generation to distribution to consumption.

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Source: Toyota