Annex Power, a portfolio company of Asia Cleantech Capital, announced a $30 million investment by Armstrong Asset Management. See article here.
February 28, 2008 (Bangkok Post) – Thailand is developing a master plan to build the country into the world’s second largest green energy producer after Brazil. Energy Minister Poonpirom Liptapanlop said she wanted to see the country become a net exporter of green energy to tap strong global demand.
To achieve the goal, authorities plan to develop a 15-year Renewable Energy Development Plan to cover the full range of alternative energy businesses including gasohol, biodiesel, biomass, wind and solar power, she said yesterday. Continue reading
February 15, 2008 (Asia Times) – The 2005-07 spike in petroleum prices topping out at US$100 a barrel has prodded economic planners across the globe to reconsider their energy options in an age of growing concern over global warming and carbon emissions. The Southeast Asian economies, beneficiaries of an oil and gas export bonanza through the 1970s-1990s, now find themselves in an energy crunch as once-ample reserves run down and the search is on for new and cleaner energy supplies. Notably, regional leaders at the 13th ASEAN Summit in Singapore in November 2007 issued a statement promoting civilian nuclear power, alongside renewable and alternative energy sources. Continue reading
February 11, 2008 (Bangkok Post) – To cope with high oil prices and reduce greenhouse gas emissions, Thailand must pursue four options: development of renewable energy, energy efficiency, nuclear energy and carbon capture and storage. However, renewable energy has certain limitations, and options for each country are different depending on availability of natural resources, technologies and manpower. This is why the Thai government has mainly concentrated on renewable energy based on domestic raw materials and wastes.
Financial incentives together with the provision of information to investors and consumers have proved to work wonders, for instance in the promotion of biofuels. The consumption of gasohol (E10) more than doubled in 2007. With the introduction of E20 in 2008, daily demand for ethanol should reach two million litres by 2011 when new cars capable of using E85 should be on sale.
November 13, 2007 (Reuters) – Thai police have put out an all-points bulletin for used cooking oil to fuel its patrol fleet as ballooning oil prices eat away the annual crime-fighting budget. Anyone is welcome to contribute a source for biodiesel, from large food processing plants to roadside fried banana stalls.
‘Thai police in the globalised world must have one hand holding pistols and arresting crooks and the other hand making biodiesel,’ said Lieutenant-Colonel Tepvisit Potigengrit, head of a biofuel project at a Bangkok police station.
The campaign began in May at three police stations in Bangkok. By the end of this year, police plan to have 80 of their 1,500 stations nationwide run their pickup trucks on biodiesel.
The cost of making biodiesel from used edible oils is 7 baht (S$0.32) a litre. Conventional diesel costs 28.64 baht. Continue reading
October 8, 2007 (Financial Times Online) – IKF Technologies signed joint venture (JV) agreements with two Thai companies – Kiwin and Kondanna Group (an associate of US-based Kondanna Energy and Petroleum ), reports Business Line.The contract is signed for jatropha plantations, in both Thailand and North East (for bio diesel); and also for supply of fly ash from India.
IKF created jatropha plantations in 30,000 acres in Jaintia Hills area of Meghalaya, along with inter-cropping in an additional area of 1,000 acres. IKF also has a presence in the Giridih area of Jharkhand. The company is looking at investment proposals in areas like jatropha plantation, jatropha-based bio diesel, tropical sugarbeet-based ethanol and hydel projects.
August 21, 2007 (Point Carbon) – Trading Emissions plc, a London-listed carbon aggregator, has taken a substantial controlling stake in one of the world’s biggest biogas plants and one of the first projects to be eligible for carbon credits in Thailand, the company said today.
Through its subsidiary Trading Emissions Asia, the company now owns 81 per cent of Korat Waste to Energy Company (KWTE), which produces electricity from organic material in wastewater. The project is expected to yield over 300,000 carbon credits per year by displacing almost 10 million litres of fuel oil per year.
August 23, 2007 (Emerging Current) Thailand: Thai oil refining company Bangchak Petroleum Plc. will invest about US$28 million to US$31 million to build a biodiesel plant by the end of this year, Patiparn Sukorndhaman, Bangchak’s senior executive vice-president said in a statement. The new plant, which will be capable of producing up to 300,000 litres a day, will be located near Bangchak’s existing oil storage facilities in Bang Pa-in, Ayutthaya. Construction of the plant is expected to be complete within two years.