MEX and TCMC Forge Strategic Partnership to Connect Key Asian Carbon Markets

MEX and TCMC Forge Strategic Partnership to Connect Key Asian Carbon Markets

EMBARGOED UNTIL 10:00am GMT+8, November 20, 2025

Macao International Carbon Emission Exchange (MEX) and Thailand Carbon Market Club (TCMC) Forge Strategic Partnership to Connect Key Asian Carbon Markets

New collaboration will facilitate cross-platform listing and trading carbon credits and RECs, enhancing regional market integration

MACAO and BANGKOK, November 20, 2025—The Macao International Carbon Emission Exchange Limited (MEX) and the Thailand Carbon Market Club (TCMC) today announced the signing of a Strategic Partnership Memorandum of Understanding (MOU) aimed at strengthening connectivity, transparency, and capacity across Asia’s rapidly expanding carbon markets.

TCMC, an independent network founded in 2021 by Bangchak Corporation Public Company Limited (BCP), BCPG Public Company Limited (BCPG), and 9 other founding members, brings extensive experience in local Thai carbon projects, including T-VER, and insights into domestic market dynamics.

Through this collaboration, MEX’s role as a core carbon exchange platform operator in Asia will be complemented by CMC’s project network and market expertise, creating new pathways for cross-border carbon credit trading, joint research, and capacity building, all based on the principles of mutual benefit.

Advancing Regional Market Integration

This partnership directly addresses the growing need for an interconnected, transparent, and standardized carbon market infrastructure in Asia. By linking both platforms, the collaboration is set to unlock new market access in Thailand and beyond. The focus on RECs trading will promote the flow of renewable energy certificates (RECs), a critical component of regional decarbonization efforts. Furthermore, joint capacity-building initiatives surrounding Article 6 will equip market participants with the necessary expertise to navigate the evolving international climate policy landscape.

“This partnership represents a pivotal step toward building a more integrated and liquid Asian carbon market,” said Meng Meng, General Manager from MEX. “MEX is committed to providing a global platform, and by partnering with TCMC, we are unlocking a vital channel for high-quality Thai projects, like T-VERs, to access international buyers. We are equally excited to introduce valuable assets like the GEC to the Thai market, fostering mutual growth.”

Speaking on behalf of TCMC, Mrs. Gloyta Nathalang, Senior Executive Vice President, Sustainability Management and Corporate Communications, Bangchak Corporation Plc., and Chair of TCMC, said,  “Thailand’s carbon market is rapidly evolving, and our partnership with MEX opens an important bridge for our T-VER projects to reach a wider international audience. We are thrilled to collaborate on regional capacity building, especially around the crucial framework of Article 6. This aligns perfectly with our goal of nurturing a robust and sustainable carbon market in Thailand and beyond.”

Mr. Rawee Boonsinsukh, Chief Executive Officer and President of BCPG Plc., added, “Our collaboration on Renewable Energy Certificates (RECs) and carbon credits (T-VER) is strategically significant. By jointly developing the trading ecosystem and promoting greenhouse-gas offsets, we are making tangible progress in renewable energy development. At its core, this partnership is about establishing a credible, transparent, and efficient market to accelerate the transition toward a low-carbon economy across the region.”

Ms. Meng Meng

General Manager

Macao International Carbon Emission Exchange

Mrs. Gloyta Nathalang

Senior Executive Vice President

Sustainability Management and Corporate Communications

Bangchak Corporation Public Company Limited

and Chair of Thailand Carbon Markets Club

Mr. Rawee Boonsinsukh

Chief Executive Officer and President

BCPG Public Company Limited (BCPG)

Representatives from Macao International Carbon Emission Exchange (MEX) attending ASEAN Common Carbon Framework (ACCF) Q3/2025 Steering Committee Meeting in Bangkok, July 2025 as observers.

(Left)

Dr. Renard Siew

President, Malaysia Carbon Market Association (MCMA)

and Chair of the ACCF Steering Committee

(Center)

Mrs. Gloyta Nathalang

Senior Executive Vice President

Sustainability Management and Corporate Communications

Bangchak Corporation Public Company Limited

and Chair of TCMC

(2nd from left)

Dr. Vichshuwan Pungchareon

Head of Climate Solutions

BCPG Public Company Limited (BCPG)

and Advisor to Chair of TCMC

(2nd from right)

Mr. Hao Chen

Director of R&D

Macao International Carbon Emission Exchange

(Right)

Mr. Yangyang Li

Head of Research and Development

Macao International Carbon Emission Exchange

About MEX

MEX aims to connect global climate-related products and opportunities through leading information technology and product standards, providing innovative solutions for China to engage with the international environmental products market. Leveraging Macao's advantage as a bridge to Portuguese-speaking countries across four continents, MEX builds an nternational climate cooperation platform that connects China with the world, offering screening, trading, custody, settlement, and offset services for environmental products such as carbon credits and green energy certificates that meet sustainable development criteria. Backed by Yunfeng Capital, MEX was officially launched in October 2024.

About TCMC

Carbon Markets Club is a non-profit organization established in June 2021 by Bangchak Corporation Public Company Limited, BCPG Public Company Limited, and nine founding partners as a network to promote carbon credit trading and raise awareness on climate change. Today, the Club has over 1,600 members, both organizations and individuals, supported by digital tools for trading T-VER carbon credits and Renewable Energy Certificates (REC), as well as carbon footprint calculators for organizations (CFO) and individuals (MyCF). TCMC is also a signatory to the ASEAN Common Carbon Framework (ACCF), working to advance a transparent and interconnected carbon market across ASEAN.

Learn more at https://www.carbonmarketsclub.com