OR, FSE, PNP Wood & Grow forge heat-energy alliance to accelerate industrial decarbonization in Thailand

PTT Oil and Retail (OR) has formed a multi-party collaboration with Full System Engineering Co., Ltd. (FSE), PNP Wood Co., Ltd., and Grow Energy Solutions Co., Ltd. to expand industrial thermal oil and steam solutions nationwide. The partnership strengthens Thailand’s low-carbon industrial energy supply chain by combining biomass sourcing, utility engineering, and turnkey project delivery—helping factories cut fuel costs, raise reliability, and progress toward carbon neutrality.

MOU signatories and leadership

The agreement was formally executed at the Ownership Center (ENCO B) by:

• Paisan Udomkunwanich – Deputy Chief Executive Officer, Lubricants Business, OR

• Pisan Boonieamsri – Managing Director, Full System Engineering Co., Ltd.

• Phannaporn Siriphongsakorn – Managing Director, PNP Wood Co., Ltd.

• Salakrutai Katasila – Managing Director, Grow Energy Solutions Co., Ltd.

Their shared mandate is clear: modernize Thailand’s industrial heat systems and deliver measurable energy efficiency and emissions reduction for manufacturers.

What this collaboration delivers

• Thermal Oil & Steam Projects: Design, fabrication, installation, and commissioning of high-efficiency systems tailored to production needs.

• Biomass Supply Integration: Secure, quality-controlled fuel from PNP Wood to stabilize costs and reduce carbon intensity.

• Engineering & Performance Assurance: FSE leads utility engineering, metering, and performance verification (flow, temperature, pressure, kW).

• Operations & After-Sales: Grow provides project execution, maintenance programs, and upgrades that protect uptime.

• Decarbonization Outcomes: Lower OPEX, improved heat utilization, and reduced Scope 1/2 emissions in line with the national carbon-neutrality roadmap.

Impact for Thailand’s manufacturers

Factories in textiles, paper, food & beverage, glass, electronics, petrochemicals, and related sectors gain an end-to-end path to energy transition without compromising throughput. By pairing optimized steam and thermal oil networks with biomass and rigorous monitoring, sites can achieve faster paybacks, smoother operations, and credible sustainability reporting.

Strengthening OR’s energy-solutions portfolio

This alliance advances OR beyond conventional fuel supply into a full-spectrum Energy Solutions Provider—spanning thermal generation, biomass logistics, electricity integration, and strategic energy advisory. Together with FSE, PNP Wood, and Grow, OR will scale bankable, measurable decarbonization projects that create long-term value for Thailand’s industrial economy.