SK Ecoplant Collaborates with Thailand's Second Largest Group on Eco-Friendly Energy Projects

Solar Power Energy Storage System (ESS) Collaboration Model
Utilizing TES Waste Battery Recycling Capabilities
Promoting Expansion of Waste Battery Reuse ESS Model

SK ecoplant subsidiary Singapore TES (TES-AMM) is partnering with Thailand's leading conglomerate SCG (Siam Cement Group) to collaborate on eco-friendly energy projects.

Luc Scholte van Mas, Managing Director of TES-Thailand (right), and Abhijit Datta, Managing Director of SCG International (left), are posing for a commemorative photo after signing the agreement. (Photo by SK Ecoplant)

SK ecoplant announced on the 27th that its subsidiary TES, specializing in recycling electric vehicle waste batteries and electronic waste (E-waste), and Thailand's SCG International signed a Memorandum of Understanding (MOU) on the 21st (local time) at SCG headquarters in Bangkok to establish a collaborative model for an Energy Storage System (ESS) using solar power generation.

Founded in 1913 in Thailand, SCG has grown into the country's second-largest group through heavy industries such as construction, petrochemicals, cement, and paper. Last year, its revenue reached approximately 12 trillion KRW. Recently, SCG has been diversifying its business and increasing investments in eco-friendly sectors for sustainable growth. In fact, SCG announced its goal to invest about 100 billion baht (approximately 3.76 trillion KRW) in renewable energy and related fields by 2027 and to achieve carbon neutrality (net zero) by 2050.

Through this agreement, TES and SCG will promote the establishment and demonstration of a renewable energy-based ESS system that stores electricity generated from solar power and releases it when needed. Additionally, they plan to explore applying a model that reuses end-of-life waste batteries from electric vehicles and heavy equipment used by SCG as ESS.

In particular, TES will be responsible for analyzing the safety and economic feasibility of ESS made from reused batteries. They are also planning a recycling cooperation plan to extract rare metals from waste batteries discharged by SCG and regenerate them as battery materials.

There are also expectations to target the waste battery recycling market in Thailand and Southeast Asia. Gary Steele, CEO of TES, said, "Cooperating with SCG, the second-largest business group in Thailand, will greatly contribute to enhancing the influence of TES and SK ecoplant in the rapidly growing Southeast Asian waste battery recycling market," adding, "We will continue efforts to secure a leading position not only in renewable energy but also in the waste battery recycling market from electric vehicles and electric motorcycles in Thailand in the future."

This content was produced with the assistance of AI translation services.