Prototype plant for biomass pellets with FlashTor innovation opens in Thailand

The Thailand-based engineering, procurement and construction company TTCL has partnered with renewable energy firm Blackwood Technology. The agreement sees TTCL investing in a prototype plant for biomass pellets with Blackwood Technology’s FlashTor® innovation for the first time in Thailand, according to The Nation Thailand.

GULF invests THB2.7 billion in renewable energy and sustainable investments fund

Gulf Energy Development Public Company Limited (GULF) announced that Gulf International Investment (Hong Kong) Limited (Gulf HK), its wholly-owned subsidiary, entered into a subscription agreement to commit to invest EUR 75 million, which is equivalent to approximately THB 2.7 billion, in Lightrock Climate Impact Fund SCSp (LCI Fund).

THAI GAS OUTPUT TO REMAIN ON A DOWNWARD TREND: FITCH SOLUTIONS

Thailand’s natural gas production is forecast to remain on a downtrend over the next decade owing to continuous output declines at the Erawan gas field, in the Gulf of Thailand, Fitch Solutions said in a report on August 8. This will leave little choice but for the country to become more dependent on costlier imports.

Proposed power tariff hike ditched

BANGKOK: A new higher power tariff is to be postponed following an intervention by Prime Minister Prayut Chan-o-cha to curb rising living costs, says a source at the Energy Ministry.