Following its listing on the Stock Exchange of Thailand two years ago, Ubon Bio Ethanol Plc (UBE) is actively pursuing a shift in its corporate branding. The company, originally known for its ethanol business, is now focusing on the development of value-added products, primarily in the functional food sector. This new direction is expected to increase revenue and offer innovative health solutions to consumers.
UBE has utilised the 3.28 billion baht raised from its 2021 initial public offering to facilitate its move towards high-tech, environmentally-friendly business practices.
In its quest to create innovative food products, UBE has partnered with experts from Chulalongkorn University. These experts, from a biotechnology R&D start-up named Biom Co, are studying enzymes that could be used to develop functional ingredients for food, medical, and everyday products.
UBE’s managing…
