This initiative marks a significant milestone in advancing renewable energy from bio-based fuels across Southeast Asia. The three partners aim to develop the project and expand production capacity in Thailand over the next three to five years.
Mr. Kittiphong Limsuwanroj, Chief Executive Officer of BBGI Public Company Limited, commented, "We are delighted to announce BBGI's commitment, in collaboration with our esteemed partners from Singapore, to study and develop a Bio-LNG production project that will become a new flagship of renewable energy initiative for Thailand and the region. This project aligns perfectly with BBGI's vision of fostering sustainable green innovations. The investment in Bio-LNG production demonstrates the company's commitment and marks an essential step towards BBGI's role in energy transition. By producing clean, renewable energy from bio-based fuels, we aim to make a meaningful contribution to Thailand's Net Zero policy."
The Bio-LNG project, also known as Liquefied Biomethane, represents an environmentally friendly alternative energy source with a lower carbon intensity, which will help reduce greenhouse gas emissions. The project is expected to have a production capacity of approximately 130 tons per day, with a target to commence commercial operations by 2027.
Source: IR PLUS
