Thai govt plans prompt Mitr Phol to raise ethanol production

(SeeNews) – Dec 5, 2011 – Thailand-based Mitr Phol Sugar Company Limited has announced plans to raise twofold the production of ethanol at its plants, responding to the intentions of the Thai government to eliminate use of regular petrol from next year, the Bangkok Post said today.
The sugar and ethanol producer currently operates three ethanol plants, with each of them having a daily capacity of 230,000 litres. The amount is set to double in three years, according to Pravit Prakritsri, managing director of Mitr Phol's Energy Business Group.
He said the cost for raising the production would come in at THB 700 million (USD 22.7m/EUR 16.9m) per plant, or THB 2.1 billion overall.
The plans are launched in response to an announcement by National Energy Policy Council on Wednesday that by October 2012 pure petrol would be no longer used. The government hopes the change would boost demand for domestically-produced ethanol.
(THB 100 = USD 3.245/EUR 2.418)

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