The Finance Ministry stands ready to use tax measures to support the use of ethanol to produce bio-ethylene, a major feedstock used for making bio-based polyethylene, says a ministry source who requested anonymity.
Commonly known as PE, polyethylene is a type of plastic used for making a variety of products, including packaging materials and bottles.
Ethanol is currently blended with benzene to produce gasohol.
With petrol use expected to decline in the future as electric vehicles become more popular, ethanol should be allocated for industrial purposes such as bio-plastic production, said the source. Such a move is in line with the global agenda of environmental protection.
Thailand…
