• 
• 

Chief executive Prapoth Pholpipattanapong said the programme, which is lending Bt105 million to municipalities, would benefit its 50-per-cent-owned subsidiary Single Point Energy and Environment, which distributes technology for transforming plastic waste into crude oil.

With equity participation from US-based Northern Technology International, the subsidiary is the sole distributor of Polish poly-mer-energy technology in Thailand and Indochina.

Eligible municipalities are those who collect at least 30 tonnes of waste per day, while plastic waste must account for at least 6 tonnes.

SPPT is scheduled to install the first polymer-energy machine in Rayong this month, with production slated for July.

"We plan to sell three machines this year: two to government offices and one to a private operator. We also hope to benefit more from the sale of chemical catalysts," Prapoth said.

Starting on July 14, the Energy Policy and Planning Office will receive applications from municipalities as part of the Energy Ministry's policy to promote alternative energy and reduce waste. The technology has been applied in several countries to tackle plastic waste and environmental problems.

The municipalities will win financial assistance worth no more than one-quarter of the investment for waste sorting and transformation. They are also entitled to no more than 10 per cent of investment for the design stage. Each can tap no more than Bt35 million for the project.