Isuzu is ready to carry out modifications on its products for B20 biodiesel fuel compatibility in Thailand if the government supports the policy and offers tax cuts in order to maintain competitive pricing, the company announced in a statement on Monday.
According to distributor Tripetch Isuzu Sales, the government has a policy to promote B20 biodiesel in order to help tackle the oversupply of palm oil as well as to increase income and sustainably improve the quality of life of Thai agriculturists.
It also aims to lower crude-oil dependency and the effects of oil price fluctuations.
“A large number of older Isuzu vehicles that have been sold to the market have not been designed to be compatible with B20. But with the sheer determination of Isuzu, we would, as a leader in diesel-engine technology and renewable-energy fields such as biodiesel, like to comply with the government’s policy.
“We prompt to invest in R&D to ensure that every current Isuzu model, both pickups and trucks, as well as those to be produced in the future, are compatible with B20,” the company stated.
However, at present, the specifications of biodiesel B20 to be sold in the market have not yet been determined.
If there are clear specifications, Isuzu will be able to develop every model of Isuzu pickups and trucks to be B20 compatible in a short period of time, Tripetch Isuzu Sales said.
“Nevertheless, the research and development of B20 vehicles might result in a vehicle production-cost increase from the engine and parts adjustments. If the government considers some incentives, B20 vehicles might be able to compete with standard diesel vehicles in terms of pricing,” it stated.
Isuzu said it has been carrying out business in Thailand for more than 60 years.
“We believe that the B20 promotion will be a part of economic driving forces in accordance with the national strategic plan for stability, prosperity and sustainability, and align with the philosophy of sufficiency economy,” the statement added.