Pledge to forge biochemical hub
Bid to add value to biofuels by using them as feedstocks
PTT Plc and Bangchak Corporation Plc have vowed to help Thailand become a regional production base for high-value biochemical products in the post-pandemic period.
Thailand wants to add value to biofuels by using them as feedstocks for the biochemical industry, which requires them to produce a range of products from food and medicine to personal care products such as cosmetics.
Though the country became a major biofuel producer in the region when global oil prices soared above US$90 per barrel over two decades ago, biofuel prices have been…