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Thailand’s largest coal miner Banpu Corp. is planning to take the windfall profits it’s currently making from the fossil fuel and use them to become a cleaner energy company.
Banpu is aiming to reduce the proportion of revenue it generates from coal from around two-thirds now to 50% by 2025, according to Chief Executive Officer Somruedee Chaimongkol. It will replace those earnings with a mixture of natural gas production and power generation, as well as green technologies including solar and carbon capture, she said.