Mitsubishi Electric Corporation (Headquarters: Tokyo) and
Charoen Pokphand Group (CP) (Headquarters: Bangkok) announced today that they
have signed a memorandum of understanding (MOU) for comprehensive collaboration
to provide advanced environmental value in the areas of carbon neutrality and
circular economy, with the aim of contributing to a more sustainable society in
Thailand.
In terms of carbon neutrality, both companies aim to achieve
net-zero greenhouse gas (GHG) emissions from their respective factories and
offices by 2030 and net-zero GHG throughout their value chains by 2050. In the
terms of circular economy, both are pursuing measures to reduce waste and the
environmental impact on their entire operations by promoting more efficient and
circular use of resources, including recycling. After holding discussions to
confirm their mutual commitment to these common goals, the two firms signed
their MOU.
The two companies aim to tackle social challenges by
creating new solutions, business models, and environmental values that can be
achieved primarily through joint collaboration and utilization of knowledge and
assets from both companies. As a first initiative, they will promote carbon
neutrality and circular economy in Thailand by combining Mitsubishi Electric’s
products, technologies, and data utilization knowledge with CP Group’s business
infrastructure, and subsequently offering new environmental value to potential
customers. The two companies will continue to explore further collaboration
including the joint development for the practical application of advanced
technologies with AI, robots, and more.
Soopakij Chearavanont, Chairman of CP Group, said:
“Sustainable development is not just our goal, but a shared responsibility
across all sectors. Our collaboration with Mitsubishi Electric will propel CP
Group toward carbon neutrality and the circular economy, creating positive
impacts on the environment, society, and the economy of Thailand and ASEAN. CP
Group is committed to leveraging our business strengths and network to drive
tangible change in reducing GHG emissions, improving energy efficiency, and
developing business models for the future.”
Kei Uruma, President & CEO, Mitsubishi Electric, said:
“We are eager to work with the Charoen Pokphand Group, which has a strong
philosophy and belief in contributing to society in Thailand, where Mitsubishi
Electric has been operating for over 60 years. Carbon neutrality and circular
economy are areas where we can leverage our technology and experience. Through
this comprehensive collaboration, we believe that we can maximize our support
for GHG reduction throughout Thailand and ASEAN without relying on offsetting
non-fossil certificates or carbon credits, as well as promoting plastic
recycling, an increasingly important part of ELV Directive* compliance in
Europe.”
Activities under the MOU
1) Carbon Neutrality
• CP Group
has installed Mitsubishi Electric SCADA** systems in its food factories and
farms in Thailand to centrally manage equipment for a vast array of processes,
visualize and improve energy-consumption efficiency. Also, the energy-saving
solutions built on Mitsubishi Electric’s know-how and experience in air
conditioning and refrigeration systems along with data analytics are being
tested at several retail stores in Bangkok managed by CP Axtra Public Company
Limited, a CP Group company. From these energy-saving solutions, both companies
aim to reduce the electricity consumption of the tested stores by more than 20%
compared to the current level.
• The two
companies will reduce power consumption throughout the CP Group by horizontally
deploying operational expertise gained from the above initiatives and
Mitsubishi Electric’s energy-saving solutions in CP Group retail stores,
factories, buildings, data centers and more.
• In
addition, both companies will explore business opportunities by leveraging the
operational know-how gained in the process of promoting a series of
energy-saving activities.
2) Circular Economy
• Both
companies will conduct a feasibility study to develop a plastic recycling
business in Thailand by combining Mitsubishi Electric’s advanced recycling
technologies and experience in creating sustainable recycling systems for home
appliances in Japan with CP Group’s business infrastructure. This collaboration
will involve a wide range of stakeholders in the plastic supply chain including
leading companies of retail, collection, recycling, recycled materials,
remanufacturing processes, as well as related industry associations and government
agencies.
Notes
* End-of-Life Vehicle
Directive. EU rules to make the automotive sector circular, maximize the
efficient use of resources and protect the environment.
** Supervisory Control and Data Acquisition system. Software
combined with programmable logic controllers and other automation products to
monitor and gather data from productions sites.
Source: NNT
