BCPG Close to Renewable Deal
by Yuthan Praiwan (Bangkok Post) … At the same time, BCPG’s parent firm state-majority-owned oil refiner BCP is conducting a feasibility study for a new investment project, worth 3 billion baht. President Chaiwat Kovavisarach, said that the new project entails a speciality product made from ethanol and biodiesel. “I can only say that this new product is a high-value-added product. We operate ethanol and biodiesel production, so instead of selling them at cheap commodity prices we can make higher margins if we use them to source the high-value product.” said Mr Chaiwat.
The business model will be a joint venture between BCP and an undisclosed strategic partner. “We expect to conclude the deal within mid-2017,” said Mr Chaiwat. READ MORE