Thai sugar producer to invest US$132.4 million in ethanol and expansion

In Thailand, Khonburi Sugar plans to invest US$132.4 million in the production of a 200,000 liter per day ethanol facility and boosting its cane crushing capacity to 12,000 metric tons per day, a project that is meant to take 15 months. The company decided to make the move into ethanol to help diversify away from volatile sugar prices. Doing so is expected to boost revenue by 50% and profits from 25%.