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Search Result for “$8 billion”

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GENERAL

More fuel subsidies ready to launch

Business, Yuthana Praiwan, Published on 27/01/2024

» Energy authorities are planning more subsidies for gasohol prices by using money from the state Oil Fuel Fund after the ongoing subsidy programme ends on Jan 31.

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GENERAL

Officials seek end of biofuel subsidy

Business, Yuthana Praiwan, Published on 18/01/2024

» Energy policymakers are planning to end the price subsidy programme for biofuels this year after a delay of several years, says an official at the Oil Fuel Fund Office (Offo).

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GENERAL

Fuel usage increases amid state control of prices

Business, Yuthana Praiwan, Published on 05/01/2024

» Thailand's total fuel consumption rose by 0.9% to 152 million litres per day (MLD) during the first 11 months of last year, driven by state control of energy prices and the tourism recovery, says the Department of Energy Business.

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GENERAL

Price caps lead to slight increase in fuel usage

Yuthana Praiwan, Published on 04/01/2024

» Fuel consumption in Thailand rose 0.9% year-on-year to 152 million litres per day during the first 11 months of last year, driven by price caps and the tourism recovery, according to the Department of Energy Business.

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GENERAL

Gunkul preps 17 projects

Business, Yuthana Praiwan, Published on 03/01/2024

» Gunkul Engineering Plc, a renewables developer and construction firm, plans to raise funds worth 20.8-25 billion baht for the development of 17 renewable energy projects this year under the state's 5.2-gigawatt renewable scheme, says chief financial officer Thitipong Techaratanayuenyong.

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MOTORING

EA expects 20% jump in revenue next year

Business, Yuthana Praiwan, Published on 19/12/2023

» SET-listed Energy Absolute (EA), a renewable energy and electric vehicle (EV) developer and operator, expects its revenue to grow by at least 20% in 2024, mainly thanks to rising demand for EVs in Thailand.

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GENERAL

Fuel sector preps for Euro 5 diesel on Jan 1

Business, Yuthana Praiwan, Published on 16/12/2023

» Thailand is gearing up to produce and distribute diesel that meets the Euro 5 environmental emission standard from Jan 1 next year, but the price remains unknown.

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GENERAL

Renewed focus on plastic waste

Business, Yuthana Praiwan, Published on 11/12/2023

» Thailand is pushing ahead with projects to reduce plastic waste as it struggles to reduce sea pollution, especially after efforts slowed during the pandemic.

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GENERAL

State wants to cap 2024 power tariff

Business, Yuthana Praiwan, Published on 09/12/2023

» Energy authorities are working to cap next year's power tariff at 4.1 baht per kilowatt-hour (unit) as suggested by Prime Minister Srettha Thavisin, who disagrees with an earlier proposal to increase the rate to 4.68 baht per unit, says Energy Minister Pirapan Salirathavibhaga.

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GENERAL

Covestro set to beat sector's green target

Business, Yuthana Praiwan, Published on 06/12/2023

» Covestro AG, a Germany-based manufacturer of polymers and polycarbonate, plans to achieve carbon neutrality by 2035, 15 years ahead of the chemical industry's commitment to curbing carbon dioxide emissions.