Patompob Suwansiri, Chief Executive Officer of Thaicom Public Company Limited (SET: THCOM), announced the signing of a memorandum of understanding with Global Green Chemicals Public Company Limited (SET: GGC), part of PTT Group.
The agreement outlines collaboration to explore the use of science and technology to monitor palm plantation areas and assess their carbon sequestration capacity.
The partnership aims to facilitate the exchange of knowledge and expertise, advancing data collection for oil palm cultivation areas and enhancing carbon storage assessments from palm oil planting in line with international standards.
Under the agreement, THCOM will leverage its “CarbonWatch” space technology platform for the monitoring and evaluation of carbon sequestration in palm plantations. GGC will act as the subject matter expert, providing data and monitoring carbon credit areas.
This initiative supports the development of competitive low-carbon palm oil products and the systematic application of technology for Thai oil palm plantations, in compliance with global benchmarks.
The collaboration with PTT Group is only the beginning, as THCOM plans to offer its Space Tech services—specifically the ‘CarbonWatch’ platform—to additional PTT subsidiaries. Following the platform’s official endorsement last year by the Thailand Greenhouse Gas Management Organization (TGO) as the first satellite-based carbon assessment tool for the forestry sector in Thailand, THCOM is well-positioned for expansion.
The ultimate goal of the partnership is not only to enhance the competitiveness of Thai farmers and palm oil industry players on the global stage but also to foster a low-carbon society domestically.
“CarbonWatch” reinforces THCOM’s leadership in Space Tech for sustainable development, focusing on robust ESG (Environmental, Social, and Governance) operations.
Aligning with this vision, the synergy with GGC will elevate Thailand’s palm industry and promote national policies focused on greenhouse gas reduction in key agricultural sectors, propelling the country toward Carbon Neutrality and Net-Zero emission targets.
Kridsada Prasertsuko, Managing Director of GGC, added that this collaboration marks a significant milestone in driving the organization—and the broader industry—towards a low-carbon, environmentally friendly, and sustainable future.
Sustainability is now a critical challenge requiring integration of expertise and knowledge-sharing across all sectors to ensure broad-based quality-of-life improvements.
GGC has consistently conducted business anchored in sustainability principles, balancing environmental and social values under robust ESG guidelines.
The company’s sustainable management has been validated through international accolades, such as a ‘B’ CDP Climate score and S&P Global Yearbook Member status, ranking fourth among chemical companies, reaffirming its global sustainability credentials. GGC’s vision is, “To be a leading green chemical company by creating sustainable value.”
In other strategic expansion, Patompob revealed that Thaicom will participate in the upcoming Universal Service Obligation (USO) Phase 3 tender—The Border Net Project, or the third phase of the basic telecommunications and social services plan, approved by the NBTC (National Broadcasting and Telecommunications Commission) with a budget of THB 5.862 billion.
He asserted confidence that the company will secure the largest share of this project because only Thaicom can provide the required satellite services. As for fiber optic installation and IT systems, the company is fully prepared to participate in the tender.
While Phases 1 and 2 of the USO project exclusively employed satellite technology, Phase 3 expands the scope to include both satellite and fiber optic solutions. Thaicom is ready to deliver end-to-end services, with initial equipment installation revenue expected within this year as the company schedules phased deliveries in 4Q25.
