B.Grimm’s solar project sees 20 percent complete
Thailand-based Energy Company B.Grimm Power said its solar project in Cambodia is 20 percent complete after the firm took over the project from a local power company late last year. B.Grimm completed the acquisition of local company Ray Power Supply Co Ltd last November for $300,000.
Blockchain eyed for palm oil
The Energy Ministry has ordered the Energy Business Department to discuss with Thai oil traders the prospect of using blockchain to facilitate palm oil trade. A blockchain system would cut out the middleman between palm planters and palm oil mills, in theory allowing planters to sell the commodity at higher prices.
US oil price faces 2nd decrease below zero
The US benchmark oil price could fall below zero for a second time this year, signalling that global oil stocks are nearing full capacity, says one expert. Manoon Siriwan, an independent energy expert, said a second drop below zero for West Texas Intermediate (WTI) crude may occur soon because oil storage capacity in the US is […]
Thai refinery IRPC delays $1 bln chemical project amid coronavirus outbreak
BANGKOK, April 28 (Reuters) – Thai oil refiner and petrochemical producer IRPC Pcl has delayed a 32.4 billion baht ($1 billion) petrochemical investment and cut run rates by 20% as demand for petroleum and petrochemical products falls amid the coronavirus outbreak, the company’s president said on Tuesday.
Thai firms expanding presence in Vietnam despite COVID-19
Hanoi (VNA) – Vietnam has remained an attractive destination for Thai enterprises to expand their business despite the COVID-19 pandemic ravaging the region. Thailand’s Delta Electronics PCL, a global producer of power and thermal management products and solutions, earlier this month announced it will establish a new subsidiary in Vietnam in the second or third quarter of this year.
Ministry keen to build LNG stockpile while prices low
The Energy Ministry has thrown full support behind a plan by state-owned energy firms to import additional liquefied natural gas (LNG) from spot markets, where LNG has hit record low prices, in order to lower energy costs. The move aims to help businesses and homeowners struggling from the lockdown, and save the government money as it […]
Thailand energy commission considering cutting electricity charges to help businesses
As a measure to help hasten business sector recovery, the Energy Regulatory Commission earlier initiated a cut to electricity charges for large and medium-sized enterprises for three months. However, the COVID-19 outbreak situation has not improved and the Energy Regulatory Commission will now consider extending the measure until the end of 2020 to lessen the […]
Cabinet gives nod to slash power bills
The cabinet has agreed with the Energy Ministry’s decision to temporarily waive or lower electricity bills for households to help cut people’s expenses during the coronavirus pandemic.
