Thailand Investments

Thailand is a country at the center of the Indochinese peninsula in Mainland Southwest Asia. It is bordered to the north by Myanmar and Laos, to the east by Laos and Cambodia, to the south by the Gulf of Thailand an Malaysia, and to the west by Andaman Sea and the southern extremity of Myanmar. Its maritime boundaries include Vietnam in the Golf of Thailand to the southeast and Indonesia and India on the Andaman Sea to the southwest.

Thailand has around 720,000 Ha of palm oil plantations with a total production of 10.94 million tonnes of fresh fruit bunches (FFB). After processing to extract the palm oil, 2.64 million tonnes of EFB remains as a waste material.

The Southern Thailand provinces of Chumporn, Suratthani and Krabi cover 74.2 % of the FFB market with a total production of 8.124 million tonnes, resulting in 1.796 million tonnes of EFB. These three provinces have 57 companies (70.3% of the 81 Thai palm oil companies) running 60 crushing mills (71.4% of the 84 Thai crushing mills).

Existing power plants in these provinces require a total EFB production of 579,000 tonnes, which is 32.2 % of the current supply. The remaining volume of EFB is not utilized due to the cost of transporting raw EFB more than 50 km. By reducing EFB moisture to less than 10%; a pellet plant will enable the transport of EFB as a result of converting EFB to pellets.

Asia Capital Energy Fund is currently studying several projects in South of Thailand concerning EFB combustion and EFB pellet manufacturing.