Mitr Phol to invest $60M, doubles ethanol capacity in Thailand

In Thailand, Mitr Phol Sugar Corporation has committed to investing over $60M to double ethanol production capacity. With the approval of a recent resolution to terminate the use of gasoline 91 by October 2012, ethanol consumption in Thailand is expected to skyrocket up to 21 million liters per month. The company intends to lead the charge and become the leading ethanol exporter in the area.