Bangchak plans bio-refinery for EEC

Corporate November 28, 2018 01:00

By The Nation

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Bangchak Corporation Plc (BCP) plans to invest Bt4 to Bt5 billion to set up a bio-refinery on expectation that details would be finalised in early next year.

Chaiwat Kovavisarach, the BCP chief executive, said the company is studying to invest in a bio hub in the Eastern Economic Corridor (EEC) with an initial plan to study a bio refinery.

BCP has a 500-rai (80-hectare) plot of land in Chachoengsao, a province in the EEC area.

BCP’s plan for the bio-based business will be included in their five-year investment plan (2019-2023) worth a combined Bt77 billion, he said.

Chaiwat said that BCP’s subsidiary BBGI Plc is in the filing process to the Securities and Exchange Commission, while expecting to be on the stock market in the latter half of next year.