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BUSINESS

Gulf Energy buys German wind farm

Business, Yuthana Praiwan, Published on 08/07/2020

» Gulf Energy Development has acquired Germany's Borkum Riffgrund 2 (BKR2) offshore wind farm, worth more than 19 billion baht, in a move to expand its renewable energy business in Asia and Europe this year.

BUSINESS

JSCCIB urges deep CPTPP examination

Business, Yuthana Praiwan, Published on 09/07/2020

» The unsettled debate on the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) has prompted the Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) to conduct a new thorough study to decide whether Thailand should join the trade deal.

BUSINESS

GPSC restructuring to elevate renewables ahead of schedule

Business, Yuthana Praiwan, Published on 10/07/2020

» National oil and gas conglomerate PTT says it will restructure its power generation arm, Global Power Synergy (GPSC), to hasten its transition to renewable energy despite revenue shortfalls resulting from the pandemic.

BUSINESS

IRPC slashes capex to maintain liquidity

Business, Yuthana Praiwan, Published on 10/07/2020

» SET-listed IRPC Plc, the petrochemical arm of national energy conglomerate PTT Plc, is slowing investment in new projects, slashing its spending by 27.8 billion baht to maintain liquidity.

BUSINESS

Euro 5 upgrade delayed at 6 refineries

Business, Yuthana Praiwan, Published on 15/07/2020

» The enforcement of Euro 5 emissions standards will be postponed from 2024 after lockdown measures halted upgrade plans at six refineries, says the Energy Business Department.

BUSINESS

IEAT to seek more waste-to-energy help

Business, Yuthana Praiwan, Published on 15/07/2020

» The Industrial Estate Authority of Thailand (IEAT) will ask energy officials to increase support of waste-to-energy schemes to better dispose of increasing amounts of industrial waste caused by state promotion of domestic investment.

BUSINESS

Ratch buys 49% stake in ABEIF

Business, Yuthana Praiwan, Published on 16/07/2020

» Ratch Group Plc has acquired a 49% stake in Vietnam-based An Binh Energy and Infrastructure Fund (ABEIF) for US$78.5 million.

BUSINESS

PTTGC's partner Daelim in US project leaves

Business, Yuthana Praiwan, Published on 16/07/2020

» PTT Global Chemical Plc (PTTGC), Thailand's largest petrochemical producer by capacity, is determined to continue its petrochemical complex project in the US even as its partner, South Korean construction and chemical company Daelim Industrial, has withdrawn from their joint venture.

BUSINESS

Challenges await next energy chief

Business, Yuthana Praiwan, Published on 18/07/2020

» Outgoing Energy Minister Sontirat Sontijirawong leaves huge challenges for his successor to deal with, ranging from various much-delayed projects and an unsettled maritime conflict involving petroleum blocks to alleged abuse of energy budget spending.

BUSINESS

Bangchak touts EV ecosystem

Business, Yuthana Praiwan, Published on 20/07/2020

» Mostly state-owned energy firm Bangchak Corporation is stepping up efforts to diversify into the electric vehicle market by developing an EV ecosystem for several thousand motorcycle taxis.