Charoen Pokphand Group (CP) and Toyota Motor Corp. announced that they will explore cooperation for carbon neutrality in Thailand Both companies say they are willing to welcome any partner who shares the same views.
Since its founding in 1921, CP has operated with three core values of benefit: to country, people and organization. CP provides accessibility to high-quality products and expands its business into a wide range of sectors in Thailand, including retail (such as 7-Eleven), distribution, industrial products, and agriculture and livestock. In the distribution field, CP has been supporting the lives of Thai people by transporting and delivering various goods through its wide range of operations, considering social, economic and environmental impacts and sustainability practices.
In addition, Toyota’s business in Thailand has gained the support of several stakeholders, including Siam Cement Group, an important local partner of Toyota, and has grown along with the development of Thai society through product, taxation, employment and technology transfer. Overcame several challenges like the 1997 Asian financial crisis and the 2011 floods.
Toyota President and CEO Akio Toyoda commented, “The two companies, which both believe is best for Thailand and the world, have agreed to move forward with what we can now, using each company’s strengths and resources. I believe that taking this important step will garner appreciation from our country and change the future scenario.”
CP Group Senior Chairman Dhanin Cheravanont responded, “What President Toyoda and I share is a love and appreciation for Thailand, and we both want to give back to the country. I am delighted that both companies have the opportunity to jointly consider collaboration towards carbon neutrality in Thailand and welcome any company that shares the same carbon neutrality ambition.”
Specifically, CP and Toyota will explore social implementation in the following three areas. With these actions linked to each other, the two companies will move forward with what can be done now, towards accelerating carbon neutrality, consistently reducing CO2 emissions throughout the entire process of manufacturing, transportation and energy use.
1. Hydrogen production using biogas from farm waste (with focus on economic zones)
2. Introduction of fuel cell delivery trucks in CP’s fleet, which are to use hydrogen as mentioned above (offering different solutions such as BEV and FCEV, considering travel distance and load weight)
3. Efficient logistics by offering optimized delivery routes through connectivity technology
This collaboration will be considered with the participation of the transportation services business of True Leasing Co., Ltd, CP. In addition, research will be conducted with Hino Motors, Ltd. who will participate in these efforts, which will be commercialized in Asia by Japan Partnership Technologies Corporation (capitalized by Isuzu Motors Ltd., Suzuki Motor Corporation, Daihatsu Motor Co., Ltd.). ., and Toyota), which was established to help solve the challenges facing the transport sector and achieve carbon neutrality by realizing and disseminating CASE technologies.