KTIS Signed MOU with 2 Leading Companies from Singapore as A Roadmap to Net Zero for Carbon Credit Opportunities

KTIS Group joins hands with 2 alliances from Singapore: Evercomm and Bureau Veritas, to bring energy information used in the production process and obtained from the bio production business in the area of Nakhon Sawan Bio Complex for carbon credits calculation. Their cooperation will lay a road map to an organization of zero greenhouse gas emission (Net Zero) as most of KTIS Group’s products are biodegradable, such as biomass power generation and pulp from bagasse which is a by-product of sugar production that can replace those causing the greenhouse gas. This results in ISO 14001, Bonsucro and VIVE Programme certification for sustainable cane plantation promoted by the KTIS Group.

Mr. Pan Siriviriyakul, the project manager of the Kaset Thai International Sugar Corporation Public Company Limited (KTIS), the multi-purposed leader of sugar and continuous industries, addressed that the company had signed a Memorandum of Understanding (MOU) with Evercomm, the leading expert of sustainable technology from Singapore, and the Bureau Veritas, a Singaporean organization on inspection and certification. The MOU will enable them to lay a guideline for an organization of Net Zero and an opportunity for carbon credits.

The signing of this MOU was presided over by the Deputy Prime Minister and Minister of Commerce Mr. Jurin Laksanawisit from Thailand, the Minister of Labor and the second Minister of Trade and Industry of Singapore.

Mr. Pan said that Evercomm saw the sustainable potential of the bio industry provided by KTIS Group since the company has a sugarcane bio-complex and bio-products throughout its production chain, all of which give opportunities in terms of carbon credits that possibly set a roadmap to the Net Zero policy of the whole organization. Initially, Evercomm will use relevant information of KTIS group in the Nakhon Sawan Biocomplex (NBC) to analyze and calculate the carbon credits before verification and certification standards made by Bureau Veritas. Such calculation is derived from both in separate production of each product and addition to the sum of the entire KTIS group.

 “It’ll take 3 months in the initial phase to analyze, calculate, validate and certify data according to standardized calculation for issuance of the carbon credits or the analysis of the KTIS Group’s bio products. An analysis on energy will be started in terms of bio-production and energy used in the production process,” explained Mr. Pan.

The project manager of the Ktis Group added that the company realized how important the environment was by mobilizing development of production processes and effectiveness enhancement because most of its products are biodegradable that were able to replace those causing the greenhouse gas emission. That is why the KTIS Group received environmental management certifications such as ISO 14001 as well as certification of the whole process in the production chain from sugarcane fields like Bonsucro standards and VIVE Programmes, which promote sustainable cane farming.