Sep 14 2010
PTT Aromatics and Refinery Plc, an incorporated aromatics refinery company, has announced its intentions to invest US$150 million for the production of aviation quality jet biofuel and biodiesel products to conform to the European avian regulations that come into force from 2012.
The planned European regulations make it mandatory for the airline operators to utilize biofuel to reduce carbon dioxide emissions or to pay penalty for the greenhouse gas releases.
The company is advantageously placed than other similar production companies because of its surplus production of hydrogen and condensate filtrates from its oil refinery and petrochemical manufacturing utilities which can be utilized in the production of jet fuels. Chainoi Puankosoom, CEO of the company said that due to the new technology fuel can be used without freezing problems in sub-zero temperatures. He added that his company is currently engaged in working out details for the energy enhancement and cost cutting measures in production. He confirmed the intention of the company to link up with Star Petroleum Refinery and SCG Chemicals for improving the production process to save 160 million baht.
The board of the company is expected to meet next month to discuss and pass the project investment. The company is planning to get reports on environmental and health impact from the agencies within a year and is planning to complete the construction of the project within 18 months of approval.
Source: http://www.pttar.com/