TPI Polene Power to invest $58 million in 48 Mgy ethanol plant in Thailand’s Saraburi province

In Thailand, TPI Polene Power said that they will invest $58 million in an ethanol plant in Saraburi province. The plant would produce 48 Mgy of ethanol, primarily for export.

E10 now accounts for 25% of total Thai gasoline consumption. Biodiesel blend consumption has risen 8% in the past month. The Thai energy ministry also said the new reserve mandate would absorb excess ethanol production capacity.

Thailand’s Energy Minister Piyasvasti Amranand said that his department was drafting quality specs for car makers to convert to E20. Last month, Thailand announced plans to mandate E20 blended gasoline in January 2008.

Thailand’s fuel imports fell 3.7 percent this year to $18.5 billion as the previous E10 mandate took hold.

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