EA Confident in Sealing Energy Deal … A Greener Fuel
by Srisamorn Phoosuphanusorn & Jesus Alcocer (Bangkok Post) … EA (SET-listed renewable energy firm Energy Absolute) is also expanding its biodiesel portfolio, which now accounts for close to 40% of its revenue. Like biodiesel, “Green Diesel” is also derived from palm, but it offers better performance and is more environmentally friendly. Green diesel is already present in small percentages in premium diesel sold at gas stations around the country. The company is in talks with the government to subsidise the new product, and once the subsidies kick in it should be around 3.5 baht more expensive than biodiesel per litre. Green diesel is slightly more expensive to produce than biofuel for EA.
EA wants to launch the product in the first quarter of 2019, when it targets production capacity of 40,000 litres per day, about 5% of its 800,000-litre-per-day goal, once the government support issue is clarified, said Mr Amorn. The company allocated 26 billion baht for investment in 2018-2019. Of the total, 18 billion baht is for construction of the 260MWh Hanuman wind farm; 4 billion for an energy storage plant; 2 billion for green diesel production; 600 million for charging stations; and the rest for phase change materials. READ MORE