Malaysia’s KNM to seek $80 million in bonds for Thai ethanol expansion

In Malaysia, KNM Group is looking to issue $80 million worth of bonds in Thai baht guaranteed by the Asian Development Bank’s Credit Guarantee and Investment Facility to build a 200 million liter per day ethanol plant, expanding a current facility owned by Impress Ethanol Co. that KNM purchased 72% of in May. The company hopes to begin construction during the first half 2017 in an effort to boost supplies for the Thai market that is seeing a demand boom.