PTT Welcomed Japanese Investors for EECi Site Visit at Wangchan Valley

Energy Press Releases Thursday September 14, 2017 08:54
Bangkok--14 Sep--PTT
Promote Eastern Economic Corridor of Innovation (EECi) and attract foreign investments to reinforce Thai government's policy, transforming the country into Thailand 4.0

On 12 September 2017, Mr. Tevin Vongvanich, President and Chief Executive Officer of PTT Public Company Limited (PTT) met with H.E. Mr. Hiroshige Seko, Minister of Economy, Trade and Industry of Japan and his accompanying persons to discuss about investment opportunities in the EECi. Today (13 September 2017), Mr. Pailin Chuchotethavorn, Chairman of KVIS Executive Board and VISTEC Council along with PTT executives led a group of 90 investors from leading companies in Japan on a tour to Wangchan Valley, Rayong where PTT and National Science and Technology Development Agency (NSTDA), Ministry of Science and Technology, jointly develop the area into Eastern Economic Corridor of Innovation (EECi). In accordance with Thailand 4.0 sustainable development's policy, the EECi project aims to foster innovative collaboration between public, private, research and academic sectors both inside and outside the country, transforming Thailand into the nation of Innovation and enhance industrial competitiveness as well as improve local people's quality of life.

To develop a comprehensive innovation ecosystem, PTT had a basic infrastructure ready on this 3,434 rais at Wangchan Valley, Pa Yup Nai, Wang Chan, Rayong. The strategic objectives of EECi project are to build a hub of industrial research and innovation which can be extended in commercial terms, enable domestic and international technology transfer, develop human resources with requisite skills (science, technology, and innovation) necessary to support the structural reformation of Thai industry into innovation-driven economy. The target technological and industry groups of EECi comprise Research and Innovation Center of Automation, Robotic and Intelligent System (ARIPOLIS), Research and Innovation Center of Bio-science and Bio-technology (BIOPOLIS), and Research and Innovation Center of Space Technology and Geo-informatics (SPACE KRENOVAPOLIS). Additionally, the internationally renowned educational institutions which are specialized in science, technology, and innovation namely Kamnoetvidya Science Academy (KVIS) and Vidyasirimedhi Institute of Science and Technology (VISTEC) are established in Wangchan Valley.

"EECi site visit demonstrates that Japanese investors are interested in the commercial and investment opportunities in Thailand. As the national energy corporation and state enterprise with a commitment in ensuring the national energy security, PTT is ready to support the government's economy-driven policy, expanding business network between Thai and Japan along with developing this new economic area into the commercial and investment center as well as the national talent pool. Technology and innovation will play an important role in enhancing quality of life and lead the future sustainable development of the nation", Mr. Tevin said.


Latest Press Release

PTTEP completes the acquisition of Shells stake in Bongkot field, Ready for the bidding to maintain energy security for Thailand

- Strong determination to continue operatorship in Bongkot field to maintain energy security for Thailand PTT Exploration and Production Public Company Limited (PTTEP) announced the acquisition completion of 22.2222% stake in the Bongkot field from...

BGRIM and Xuan Cau ink JV pact for ASEAN#s largest solar power plant

The plan to set up the largest solar power house in Southeast Asia has advanced towards realisation with two sponsors - Thailand's B.Grimm Power and Xuan Cau of Vietnam - signed a partnership accord. The landmark agreement for the 420-megawatt facility...

JA Solar Named Top Performer by DNV GL for the Third Time

JA Solar Holdings Co., Ltd. (Nasdaq: JASO), a world leading manufacturer of high-performance solar power products, today announced that it was awarded the "2018 Top Performer" by DNV GL, a world renowned independent energy experts and certification...

GCL New Energy Signs PPA for 110MW Solar Project In Colorado

GCL New Energy, Inc., a subsidiary of the world's leading clean energy conglomerate GCL Group, has signed a long-term power purchase agreement (PPA) with Intermountain Rural Electric Association (IREA), a local power company, for its Pioneer 110MW...

New PHNIX Water Source Heat Pump Water Heater Will Soon Be Launched in Southeast Asia

A few months ago, PHNIX released a series of new heat pump water heaters during trade shows in India and Vietnam. At present, PHNIX, a leading heat pump manufacturer in China, will release a new series of water source heat pumps, specifically designed...

Related Topics