A recent article in the Wall Street Journal focuses on BKV Corporation (Banpu Kalnin Ventures), the American arm of Banpu (96% owned by Banpu, Thailand’s largest coal mining company). The article pulls the curtain back and gives us a better view into what happened with the company’s aborted plan to launch an initial public offering in 2023 (see BKV IPO On Hold, M&A Deals Falling Apart Due to Low Gas Prices). The article also reveals that BKV’s strategy is to produce “guilt-free” natural gas by investing in carbon capture.
