BANGKOK – PTG Energy Plc, a Stock Exchange of Thailand-listed oil retailer and wholesaler, has joined Tha Chang Industry Group (TCG), Thailand’s leading palm oil producer, to develop the country’s first integrated palm oil complex, worth 4.8 billion baht.

The partners signed an agreement in Bangkok for a joint venture called PTG Green Complex  Co. by TCg owns 45%, PTG 35%, OPG Tech Co 10% and R&D Kasetpattana Co 10%.

Cited from Bangkok Post Business, on Tuesday (09/12/2014), Managing Director of TCG, Pongnarate Wanasuwankul said construction would begin early next year, eith operationn due to start in 2017.

It will comprise palm oil crusher production of 200 tons per day, a biodiesel facility producing 450,000 liters per day and a six-megawatt power plant generated by biogas and biomass.

Pitak Rachagitprakan, PTG’s president and executive director, said palm oil and related products from the new complex would be among the most efficient in terms of cost and production in Asean, as the venture combined professional and management expertise. (T4)