Petroleum Industry
Rayong Refinery signs Bt7-bn loan agreement Rayong Refinery has signed a Bt7-billion loan syndication agreement with six banks: Bangkok Bank, Krung Thai Bank, Siam Commercial Bank, Siam City Bank, TMB Bank and Government Savings Bank.
Carrying eight years in maturity, the loan is for future investments and to partially refinance its existing debt, the refiner said in a filing to the Stock Exchange of Thailand. The debt will carry an interest rate 150 basis points below the banks' minimum lending rate in the first two years. The interest will rise to 125 basis points below the minimum lending rate for remaining six years. - The Nation Investments : BoI considers projects The Board of Investment will consider granting investment privileges to two projects worth a total of Bt7.45 billion in its monthly conference today. Sakaew Bioethanol will invest Bt6.25 billion to set up an ethanol plant in Sakaew province with production capacity of 165 million litres per year. Siam City Cement will invest Bt1.2 billion in a wastewater treatment and waste elimination plant in Saraburi province. The project will reduce 370,000 tonnes of industrial waste annually. Meanwhile, the board will also discuss its eco-car project, supportive measures on solving environmental problems and a policy for encouraging investment overseas. - The Nation
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