Thailand announces $11.3 billion 10-year plan to build sugarcane and cassava bioeconomy

In Thailand, the government launched its 10-year plan to build a bioeconomy hub for the region with private and public sector investment expected to reach $11.3 billion as it focuses on sugarcane and cassava to feed modern biorefineries that will produce biofuels and biochemical as well as biopharmaceuticals, “future” food and “future” feed. The first $1.44 billion phase of investment is set for 2017/18, first in the eastern province of Rayong and later into Khon Kaen.