Thailand’s Banpu Lays Out Net Zero Path for U.S. Subsidiary BKV

Over the past seven-plus years, BKV Corporation (Banpu Kalnin Ventures), the American arm of Banpu (96% owned by Banpu, Thailand’s largest coal mining company), has become one of the top 20 gas-weighted natural gas producers in the U.S. BKV originally entered the American shale sector by investing $500 million in 2016-2017 to buy existing Marcellus wells and acreage in northeast Pennsylvania. Then the company went wandering into other shale plays, including the Barnett (see Banpu Expands Again – Buys Exxon’s Texas Barnett Assets). In addition to shale drilling, BKV purchased gas-fired power plants in Texas and is now working on a carbon capture project in the Lone Star State (see Bumpy Financial Road for BKV – Company Bets on Carbon Capture). In a media briefing yesterday, Banpu's new CEO, Sinon Vongkusolkit, discussed his company's efforts and investment in technology to help reduce carbon dioxide emissions.

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