Accelerating forward Thailand’s cement roadmap, Dr. Chana Poomee, TCMA Chairman, is set to strengthen tie with global green funds boosting Thai industry competitiveness and effort to achieve the Net Zero 2050
“Dr. Chana Poomee” Chairman of Thai Cement Manufacturers Association (TCMA), announced the vision of ‘TCMA Synergizing the Actions toward Net Zero 2050, to drive the cement industry, join forces in all sectors, upgrade industry energy transition with innovation, connect global green funds to realize Net Zero Goal, increase Thailand’s industrial capacity, and respond to climate change megatrend.
BANGKOK, THAILAND – Media OutReach Newswire – 5 April 2024 – Dr. Chana Poomee, as being continued the leadership position of Thai Cement Manufactures Association for another term, presented a vision statement ‘TCMA Synergizing the Actions toward Net Zero 2050’, focuses on several key missions of accelerating the Thai cement industry, transitioning to clean energy, achieving Net Zero by 2050, integrating cooperation with all sectors, elevating TCMA’s role on the international forum to connect green funds in helping Thai industry to cope with the green economy megatrend and sustainable growth.
Dr. Chana Poomee, along with the TCMA Board, outlined the long-term direction of TCMA, which is a collaboration nexus of leading Thai cement producers. TCMA, over the next two years, 2024-2026 will accelerate its efforts to join forces with all sectors to achieve the key missions in four areas:
1. Research and development of new low-carbon cement such as calcined clay cement This mission will resume immediately after a successful transition to hydraulic cement as a primary cement in Thailand since January 1, 2024, marking Thailand’s New Era of Low Carbon Cement.
2. Accelerating the expansion of maximize resource-efficiency mining practices according to the Minerals Act B.E. 2560 (2017) The intent of this mission is for the mining industry contributing to the sustainable economic development of the country, for example; joint development mining area ‘Khao Wong Model’ in accordance with the green mining practices, reducing environmental and health impacts from mining through innovation and technology, rehabilitate old mining areas into community water sources and learning centers, and contributing to a low-carbon society.
3. Building an integrated ecosystem and turning waste to value through the cement production process according to the Bio-Circular-Green Economy (BCG) Currently, the cement industry uses waste from the industrial, community, and agricultural sectors (after 3R process-reduce-reuse-recycle) as fuel in co-processing kilns. This initiative maximizes resource efficiency, reduces PM2.5, contributes to the zero-landfill, and most importantly, lowers greenhouse gas emissions. TCMA, with this action aims to reduce greenhouse gas emissions not less than 6.9 million tons of carbon dioxide in 2030.
4. Leveraging innovation for industry’s transition to clean energy This mission requires a synergy of government policies, appropriate technology, and global green funds to support Thailand in transitioning to clean energy and boosting competitiveness. TCMA will work closely with partner agencies, such as Thailand Fellowship Cement Manufacturers, Federation of Thai Industries, Board of Trade of Thailand, Thai Bankers Association, and etc.
Furthermore, “PPP-Saraburi Sandbox: A Low Carbon City” will be accelerated. This project is the partnership among public, private and people by using 3C approach: Communication-Collaborative action- Conclusion(step-by-step). Saraburi Province is selected as pilot area for several prototype GHG reduction approaches and projects, which respect different cooperation framework of each sector and align with Thailand NDC Roadmap. To achieve a concrete result, the pilot project has been implement:- 1) Energy Transition, such as a solar energy project, Napier grass cultivation as energy crop, the grid modernization project, and the CCUS research project; 2) Industrial Processes and Product Use (IPPU) such as produce hydraulic cement and develop new types of low-carbon cement; 3) Waste management such as turning waste into Alternative Fuels (AF) and Refuse Derived Fuel (RDF); 4) Agriculture such as promoting alternate wetting and drying at rice paddle field and 5) Land Use, Land-Use Change and Forestry (LULUCF)
“The implementation of this project will result in a win-win-win situation for all parties. This success however, would not have been possible without the concerted effort and support of all sectors, in particular regarding regulations that must be revised to enable the project to proceed. As these prototype projects are rolling out, we are also learning and understanding pathways to work forward. Some success project can be extended to other provinces and some failure will find solutions, such as proposing to relevant agencies, in local and central governments, to amend regulation roadblocks,” said Dr. Chana Poomee.
Dr. Chana concluded that “With the strong determination and clear policy, TCMA will synergize its actions in implementing the abovementioned policies to support the government and other relevant sectors, including those at the regional level, such as the ASEAN cement collaboration towards decarbonization, and at the global level, such as continued attending COP27 and COP28, and working closely with Global Cement and Concrete Association (GCCA), in collaboration with the UNFCCC and the World Economic Forum. TCMA will build networks to foster synergy, connect funding to Thailand, sharpen the competitiveness of the industry, and support transition Thailand to a low-carbon society as intended.”
Thai cement industry outlook in 2024, estimated will rebound compared to the year before. Thanks to enabling factors from the recovering tourism and related services sectors, growing exports which will in turn stimulate private construction sector, together with the ongoing government’s mega projects and a positive outlook after the Annual Budget Act came into effect. However, with the rising cost of living and high levels of household debt, the purchasing power of residential consumers is hard hit. In addition, inflation, interest rates, and the overall economic slowdown are also negatively affecting private sector investment (commercial) as well as the health of the Thai economy.
Hashtag: #TCMA #NetZero2050
The issuer is solely responsible for the content of this announcement.
Stakeholder mapping, analysis, engagement and communication needs to be detailed to avoid business losses or even worse, a crisis. How can you do this effectively to prevent failure? ...
Data-driven business decisions have never been as crucial, especially in this era. MGBF leverages off, technology, experience and market presence to aid businesses in making accurate decisions. ...
MGBF provides comprehensive strategic advice and results-focused solutions to solve clients' problems in business-government relations so they can focus on their core business. ...
A critical business challenge is meeting the right decision-makers and potential buyers through the best channel and platform. How will you improve your business competency? ...
MGBF founding chairman Nordin Abdullah and UMW Toyota president Datuk Ravindran K. will delve into the convergence of automotive innovation and environmental sustainability in Penang, Sarawak, Johor and Pahang.
Hosted by menumiz™ – an end-to-end restaurant management system – this roundtable will feature a case study presentation and a panel session to discuss the latest digital trends, challenges, and opportunities within the food and beverage sector.
In this episode of 'A Working Lunch with Nordin', MGBF's founding chairman, Nordin Abdullah, will host this discussion focusing on the biggest threats and opportunities for businesses as we look to manage change in the South China Sea.
This MGBF Roundtable will focus on regional food security issues and trends in the regional supply chain, and trade regulations and policies, including a new geopolitical tool i.e., weaponisation of supply chains.
Planet QEOS, KIS BlOCNG San Bhd, and the Sarawak Land Consolidation and Rehabilitation Authority (SALCRA) have officially signed a tripartite memorandum of understanding (MoU) to establish a collaborative framework aimed at producing bio-hydrogen via the Steam Biomethane Reforming (SBMR) Process. The MoU was signed by Planet QEOS executive chairman Dino […]
Planet QEOS and China Machinery Engineering Corporation (CMEC) are interested in investing RM10 billion to co-develop advanced Megawatt peak (MWp) agrovoltaic in Baram, to further boost Sarawak’s green energy initiative and food security. Sarawak Premier Datuk Patinggi Tan Sri Abang Johari Tun Openg was briefed on Friday by both the […]
Last week SPM results came out, 373,974 aspirants who have been waiting patiently over the last few months would now know their fate. Some 10,109 have received all A’s, the golden standard of academic success and the ticket to those looking to study the “more advanced” subjects in university. Proudly, […]
The classic knee-jerk reaction is to say, fire the coach, change the leadership of associations, and reduce the funding till they start performing better. This kind of negative reinforcement may work for kindergarten children, but we are dealing with high-performance adults – individuals much further along in their psychological and […]
Since its earliest tea plantations in 1929, Cameron Highlands has grown to become a key player in the agricultural landscape of Malaysia, producing 40 per cent of all vegetables grown. Despite Malaysia shifting its economic focus away from agriculture, the industry remains imperative for food security and the livelihoods of […]
Although at first glance the travel industry and the agricultural sector appear to have nothing in common, they actually share more than meets the eye. The economic benefits of tourism to the agricultural sector can be multiplied several times over. “Tourism brings the end consumers closer to the source, which […]
The Malaysia Global Business Forum (MGBF) recently held a high-level roundtable themed ‘Designing the Future of the Digital Economy’, attended by industry leaders and business associations. The guest of honour was Yang Berhormat Syerleena Abdul Rashid, the Member of Parliament (MP) for Bukit Bendera in Penang. The MP’s Special Session […]
The Malaysia Global Business Forum (MGBF) will be hosting a roundtable on ‘Designing the Future of the Digital Economy’ on 23 February 2023. It is the culmination of the first three MGBF Exclusive Roundtable Series titled ‘The Evolving Threat Matrix in the Digital Economy’ held throughout 2022. According to the […]
The Founding Chairman of the Malaysia Global Business Forum (MGBF), Nordin Abdullah, today spoke on Bernama TV’s leading English talk show, The Brief, hosted by Jessy Chahal, on the topic of a stable political reality and what that means for the Malaysian economy. Nordin said, “The first thing that it […]
More than 1,100 years ago, Muhammad ibn Musa al-Khwarizmi was developing the mathematical formulas that we know today as algorithms which now have become so intertwined with the business fortunes of global media giants and the very fabric of geopolitics. A series of recent high level international reports have revealed […]
KSK Land has been recognised by the Malaysia Global Business Forum (MGBF) for its role in attracting high net-worth individuals to Malaysia post-pandemic. The first challenge in investor attraction is “selling” the country. In the context of Asia, Malaysia is competing with some very established investment destinations. The second […]
Malaysia, in particular Kuala Lumpur, continues to position itself as a regional centre to do business, educate a family and enjoy a global lifestyle. One company, KSK Land, has taken the lead in positioning itself and the city of Kuala Lumpur as a property investment destination for the global citizen […]
The upcoming budget represents an opportunity to build resilience in the critical sectors that will form the backbone of the country’s future-facing economic ambitions. This however needs to be achieved in the context of managing the community sectors most impacted by COVID-19 over the past two years. The Keluarga Malaysia (Malaysian Family) […]
Malaysia Global Business Forum (MGBF) has moved to support the creative economy as the overall economy moves into a recovery phase following the COVID19 pandemic. As a step in the direction of normalcy, the MGBF has agreed to host the art exhibition “I Know You’re Somewhere So Far” by one […]
Congratulations to Datuk Seri Ismail Sabri Yaakob for taking up the mantle of the ninth prime minister of Malaysia. There is nothing normal about the situation; it could not have been scripted but it has kept the spectrum of media, mainstream and social, gripped. The first order of business for […]
In a stirring speech to the nation, President Joseph R. Biden, Jr. stamped his brand of leadership on the presidency, in his first act as the 46th president of the United State of America, it signaled several shifts. Perhaps the weather was foreboding with snow falling before the ceremony that […]
KUALA LUMPUR, 6 July 2022 – As the global economy continues to deal with unprecedented levels of disruption caused by the pandemic and the conflict between Russia and Ukraine, the convergence of energy security and food security issues has become a front-of-mind issue faced by policy makers and consumers alike. […]
KUALA LUMPUR, 23 June 2022 — Malaysia Global Business Forum (MGBF) ties up with scoutAsia to ensure that businesses are equipped with deeper regional insights. The past two years has seen a massive shift in the way businesses are conducted with digitisation, digitalisation and automation continuously being adopted to improve […]
KUALA LUMPUR, 25 May 2022 – The Malaysia Global Business Forum (MGBF)’s exclusive roundtable on ‘Security Concerns in Critical Value Chains’ was held in a hybrid setting yesterday at the Eastin Hotel Kuala Lumpur. The guest of honour was Yang Berbahagia Tan Sri Dato’ Seri Rafidah Aziz, former minister of […]