Asia Biomass Plc (ABM), Thailand’s largest biomass fuel producer and trader by volume, expects revenue to grow by 20% this year to more than 3.6 billion baht thanks to its business expansion amid growing concerns over global warming.
The company’s sales volume is projected to be 1 million tonnes in 2023.
Last year, ABM revenue grew by 41% to 2.71 billion baht, up from 1.92 billion in 2021.
The company bases its business outlook on lower coal usage among entrepreneurs in the power and industrial sectors as they tend to use more clean fuels such as biomass in their production processes, said Tiyada Mekpongsatorn, managing director of ABM.
The company produces and sells various…
