THAILAND: Bangchak Announces 10 Billion Baht Investment Plans to Make Aviation Fuel From Used Cooking Oil

Posted by Asia Views | Sep 2, 2022 | 0 |

ThaiEnquirer.com-Sept 1

Bangchak Corporation Plc (BCP) said that it and its affiliate BBGI Plc along with Thanachok Oil Light Co., Ltd. signed a joint venture agreement to establish BSGF Company Limited to produce what it calls as ‘Sustainable Aviation Fuel made from used cooking oil. BCP said that this venture would be the only such venture to produce sustainable aviation fuel in Thailand and the venture would see an investment of 8-10 billion Baht, with BCP holding 51% stake, Thanachok Oil Light holding 29%, and BBGI holding 20% of the venture. Chaiwat Kovavisarach, Group Chief Executive Officer and President of BCP said that the venture should be operational as early as Q4 2024. The venture, he said was the amalgamation of the experience and expertise of the three partners to lay a solid foundation for BSGF in terms of the procurement of raw materials, production, and distribution. The new venture would have initial production capacity of 1 million liters per day. It draws on the strengths of BCP as operator of world class complex refinery and a pioneer in buying used cooking oil for the production of biodiesel in Thailand, and its expertise in oil trading via BCP Trading Co., Ltd. or BCPT, its affiliate, the largest independent oil trader in the Singapore market. Thanachok Oil Light has had a long experience in the procurement of used cooking oil, while BBGI is a leader in biofuel industry and producer of high-value bio-based products. Chaiwat said that BSGF will begin the construction of a production unit of sustainable aviation fuel from used cooking within Bangchak Refinery, expected to be ready for commissioning by the end of 2024, with an initial daily capacity of 1,000,000 liters. Read more at: https://www.thaienquirer.com/43602/bangchak-announces-10-billion-baht-investment-plans-to-make-aviation-fuel-from-used-cooking-oil/

About The Author

Asia Views

Leave a reply Cancel reply

Neigborhood Watch

Subscribe To Newsletter

POINTS TO PONDER

EXTRICATING NDONESIAN CHILDREN FROM ISIS INFLUENCE ABROAD

Indonesia urgently needs to revisit the possibility of repatriating the neediest of its young citizens stranded abroad, whose families had earlier joined ISIS. Most of these children are in camps in northern Syria but there are also small numbers in the Philippines, Afghanistan and Iraq. “Extricating Indonesian Children from ISIS Influence Abroad”, the latest report from the Institute for Policy Analysis of Conflict (IPAC) argues that the government could begin by bringing back small groups of unaccompanied children under ten years of age, who pose minimal security risk and are most vulnerable to deteriorating conditions in the camps.“The problem is that health and security conditions are worsening by the day in the Syrian camps, and the children are growing older,” says Dyah Kartika, IPAC analyst. “They need access to schools, a nurturing environment, and medical attention. If the government waits too long, the children will be further exposed to ISIS ideology.” The new report examines a 2019 list of Indonesians in camps and prisons run by the Kurdish Syrian Democratic Forces (SDF). The Indonesian government has been trying to verify their citizenship, but with pseudonyms, misspellings and bad transliterations, it is a daunting task. At the time the data was collected, between March and June 2019, there were 555 Indonesians in SDF camps and prisons, including 367 children. Among the children, approximately 277 were under the age of ten and 34 were unaccompanied. In June 2021, there are fewer than ten children who are both unaccompanied and under the age of ten that could be prioritized for return. Bringing back children of ISIS families is no easy task. The report analyses the main challenges faced by the Indonesian government. These include definitional issues, bureaucratic competition, the difficulty of verifying nationality, evaluating the toll of exposure to conflict, assessing security risk, and finding relatives or others willing to provide care once the children are returned. In addition, COVID has meant stringent restrictions on travel, placing further obstacles in the way of repatriation. There are several models for rehabilitation of children exposed to violent extremism in Indonesia that could be modified to accommodate the needs of children repatriated from abroad. The report examines these models and argues that the government does not need to have every detail of rehabilitation programs in place before it starts extricating children from ISIS influence. It can start by bringing back the most vulnerable children and then modify programs as needed.

“It’s important that the government see these children as victims” says Dyah. “They deserve a chance to be children again.”

THAILAND: Bangchak Announces 10 Billion Baht Investment Plans to Make Aviation Fuel From Used Cooking Oil

Share this:

Related

About The Author

Asia Views

Related Posts

INDONESIA: Power Struggle Grips Golkar Ahead of 2024 Polls

INDONESIA’S VALENTINE: VOTE-BUYING AND DEMOCRATIC BACKSLIDING

JANE WALKER WHISKEY? NO, THANK YOU

THAILAND: A Look Ahead to Bangkok in 2020

Leave a reply Cancel reply

Neigborhood Watch

TRENDING

Subscribe To Newsletter

POINTS TO PONDER