Charoen Pokphand Foods: CP Foods Switches to Solar Power Sources to Achieve Net Zero
Charoen Pokphand Foods Public Company Limited (CP Foods) continues its transition to greener energy sources such as solar panels, including solar farm, solar float and solar roof in its operations across Thailand as part of corporate goals of creating safe and sustainable food and achieving net zero emissions by 2050.
Peerapong Krinchai, Executive Vice President – Corporate Engineering at CP Foods, said the company has established a strategy to achieve net zero emissions, as well as a long-term sustainability goal that includes implementing several energy saving projects and programs to reduce greenhouse gas emissions, among others. The company has adopted cutting-edge technology and innovations to reduce the manufacturing costs of its operations.
In addition, by the end of this year, the company plans to completely phase out the use of coal in all of its operations in Thailand. Thanks to this initiative, CP Foods will be able to reduce its greenhouse gas emissions by 70,000 tonnes of CO2 equivalent.
Peerapong said CP Foods has made substantial progress in replacing coal with solar power in its animal feed, agricultural and food businesses. The first three phases have been completed, totaling 106 locations, including rooftop solar installations of 27 factories in the first phase and 2 floating solar projects and 10 solar farms in the second phase. In the third phase, 67 solar power installations will be completed by next year. The first three phases aim to reduce greenhouse gas emissions by approximately 27,000 tonnes of CO2 equivalent each year. This is equivalent to planting 2.8 million trees.
The company plans to install more solar power sources at another 66 operating sites during the fourth phase, which is expected to be completed in 2024.
“The solar energy project is our effort to promote the use of renewable energy under the principle of circular economy in accordance with the principle of circular economy while reducing greenhouse gas emissions. Greener energy also reduces manufacturing costs and enables CP Goods to provide foods that are both safe and environmentally friendly, Peerapong said.
CP Foods joined a Science Based Target Initiative in February 2022 to set a “Net-Zero” target under the Paris Agreement. The initiatives are a collaboration between CDP, the UN Global Compact, the World Resources Institute and the World Wide Fund for Nature, with more than 2,000 companies participating since its inception in 2015. CP Foods also introduced the working group director on climate change management. to help the company achieve net zero emissions.
Renewable energies now represent 27% of global energy consumption. Biomass represents 65% of renewable energies. The remaining 33% comes from biogas and 2% from solar energy. Greener networks have helped the company reduce greenhouse gas emissions by 575,000 tonnes of CO2 equivalent per year.