One Bangkok and SCG sign MOU for collaboration on sustainable construction management towards circular economy to be implemented for the largest Thai real estate project
the THB 120 billion fully-integrated district and the largest private sector property development in Thailand’s history, and SCG, signed a Memorandum of Understanding (MoU) for the implementation of construction waste management practices according to circular economy principles. The partnership aims to set new standards of sustainability in construction at One Bangkok by recycling concrete waste into precast panels and the development of holistic waste and pollution management plan.
Mr. Panote Sirivadhanabhakdi, Group Chief Executive Officer of Frasers Property Limited, a joint developer of One Bangkok, said that “As a landmark project slated to set new standards in design, quality, sustainability and smart city living in Thailand, One Bangkok has always looked into strategic partnerships with industry leaders widely recognized for their outstanding capabilities, expertise, quality and reliability. We are delighted to strengthen our relationship with SCG, a long-term partner who shares our vision and ambition to create long-term values through sustainable construction practices.”
“Sustainability has been a core development principle for One Bangkok. By collaborating with SCG, we will implement sustainable management of construction wastes throughout the development and operations of the district. This is also in-line with Frasers Property’s commitment to be a net-zero carbon corporation by 2050; to incorporate environmentally and socially friendly practices throughout the entire value chain – from investment to design, development and operations – with a focus on carbon reduction, energy efficiency and innovative solutions,” added Panote.
According to Mr. Nithi Patarachoke, President, Cement-Building Materials Business, SCG, “The constant growth of construction industry today has resulted in a huge increase of construction waste. As a manufacturer and distributor of construction materials, SCG is aware of the issue and adopted the concept of circular economy in the development of innovative products and services. Our partnership with One Bangkok encompasses the design of new concrete mix from waste concrete from the construction into the production of precast items, creating value from waste materials and the development a holistic waste management plan for waste construction materials at the project.