Jan 24 2017
Thailand invests in bioeconomy development
The government and private sector will invest about 400 billion baht in developing a bioeconomy over 10 years, building refinery complexes and their cities in Rayong and Khon Kaen provinces that will turn cassava and sugarcane into high-value products.
The plan was announced on a conference in Bangkok by Deputy Prime Minister Somkid Jatusriptak. The government, the private sector and education institutions will cooperate and develop biorefineries to produce high valuable products.
“New cities, biopolises, will be built to facilitate a bioeconomy and comprehensive innovation. “New cities, biopolises, will be built to facilitate a bioeconomy and comprehensive innovation.
Prasert Bunsmpun, chairman of PTT Global Chemical Plc, which leads the private sector in the scheme, said planned investment would be 182 billion baht in the second phase from 2019 to 2021 and 132 billion baht in the third phase from 2022 to 2026.
Source Bangkok Post