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BUSINESS

Electricity bills poised to decrease

Yuthana Praiwan, Published on 22/06/2023

» Electricity bills are expected to be slightly lower during the last four months of this year, with the power tariff decreasing by about 20 satang baht per kilowatt-hour (unit) in line with cheaper gas prices.

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BUSINESS

GGC anticipating 20% increase in annual sales

Business, Yuthana Praiwan, Published on 20/06/2023

» SET-listed Global Green Chemicals Plc (GGC), the biochemical arm of PTT Global Chemical (PTTGC), expects sales to increase by 20% this year, driven by palm-oil based products, although revenue will remain unchanged due to a drop in prices.

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BUSINESS

Demco keen on new acquisitions

Business, Yuthana Praiwan, Published on 16/06/2023

» SET-listed Demco, a contractor and engineering service provider, plans to diversify into digital technology businesses and continue to grow its renewable energy portfolio, although it admits missing an opportunity to join the state renewable development scheme.

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BUSINESS

BAFS to construct new B1.2bn oil pipeline

Business, Yuthana Praiwan, Published on 14/06/2023

» Bangkok Aviation Fuel Services Plc (BAFS) plans to build a new oil pipeline to link networks together, in order to boost its trade in the northern region.

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BUSINESS

WP Energy revenue set to rise by 9.4%

Yuthana Praiwan, Published on 12/06/2023

» WP Energy Plc, Thailand's second-largest liquefied petroleum gas (LPG) trader by sales volume, expects revenue to increase by 9.4% to 17 billion baht this year, up from 15.5 billion baht in 2022, though the government's LPG price subsidy is scheduled to expire at the end of this month.

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BUSINESS

Chevron eyes greater Thai gas production

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

» Chevron Thailand Exploration and Production wants to increase domestic gas supply to allow the government be less dependent on costly liquefied natural gas (LNG) imports, with the company ramping up petroleum production in the Gulf of Thailand.

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BUSINESS

BAFS sees revenue rising to B7.5bn within 3 years

Business, Yuthana Praiwan, Published on 05/06/2023

» Bangkok Aviation Fuel Services Plc (BAFS) expects its revenue to reach 7.5 billion baht by 2026, driven by its diversification into new businesses, notably renewable energy development.

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BUSINESS

TPCH starts operations at biomass plant

Business, Yuthana Praiwan, Published on 03/06/2023

» TPC Power Holding (TPCH), the renewable power generation arm of construction firm Thai Polycons Plc, has begun commercial operation of its Pracharat Biomass Mae Lan power plant, part of its move to increase power generation capacity and sell carbon credits.

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BUSINESS

UAC eyes B200m RDF plant in Indonesia

Business, Yuthana Praiwan, Published on 02/06/2023

» UAC Global Plc (UAC), a chemical trader and renewable energy operator, is preparing to allocate 200 million baht to build a refuse-derived fuel (RDF) factory in Indonesia to supply local companies under the circular economy concept.

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BUSINESS

Chevron, PTTEP granted licences in Gulf

Business, Yuthana Praiwan, Published on 31/05/2023

» The Department of Mineral Fuels has awarded petroleum exploration and production licences to Chevron Offshore Thailand and PTT Exploration and Production Plc (PTTEP), as part of efforts to increase gas supply from the Gulf of Thailand and reduce power bills over the long term.