High-Growth companies of Biofuels in Thailand

Here’s an overview of some of the high-growth companies in the biofuels sector in Thailand:

1. Bangchak Corporation Public Company Limited

• Website: www.bangchak.co.th

• Headquarters: Bangkok, Thailand

• Estimated Revenue (2023): USD 8 billion

• Main Business: Oil refining and renewable energy, including biofuels such as biodiesel and bioethanol

• Growth Drivers: Expansion of biofuel production capacity, investment in research and development of advanced biofuels, and government support for renewable energy initiatives in Thailand.

2. PTT Global Chemical Public Company Limited (GC)

• Website: www.pttgcgroup.com

• Headquarters: Bangkok, Thailand

• Estimated Revenue (2023): USD 15 billion

• Main Business: Petrochemical production with significant investments in biofuels and biochemicals

• Growth Drivers: Strategic partnerships and joint ventures in biofuel production, increased production capacity, and focus on sustainability and reducing carbon emissions.

3. Thai Oil Public Company Limited

• Website: www.thaioilgroup.com

• Headquarters: Bangkok, Thailand

• Estimated Revenue (2023): USD 18 billion

• Main Business: Refining and distribution of petroleum products, with growing investments in biofuels

• Growth Drivers: Expansion into bioethanol and biodiesel production, leveraging existing infrastructure for biofuel blending, and alignment with national energy policies promoting renewable energy.

4. Ekarat Pattana Co., Ltd.

• Website: Currently not available

• Headquarters: Nakhon Ratchasima, Thailand

• Main Business: Production of bioethanol from cassava and sugarcane

• Growth Drivers: Increasing bioethanol production capacity, strategic location in key agricultural regions, and support from government biofuel mandates.

5. Ubon Bio Ethanol Public Company Limited (UBE)

• Website: www.ubonbioethanol.com

• Headquarters: Ubon Ratchathani, Thailand

• Estimated Revenue (2023): USD 200 million

• Main Business: Production of bioethanol from cassava, and biomass energy generation

• Growth Drivers: Expansion of bioethanol production capacity, vertical integration with local agriculture, and strong government support for renewable energy initiatives.

6. Mitr Phol Group

• Website: www.mitrphol.com

• Headquarters: Bangkok, Thailand

• Estimated Revenue (2023): USD 3 billion

• Main Business: Sugar production with significant investments in biofuels, particularly bioethanol

• Growth Drivers: Utilization of by-products from sugar production for bioethanol, expansion of biofuel production facilities, and strong focus on sustainability and renewable energy.

7. GGC (Global Green Chemicals Public Company Limited)

• Website: www.ggcplc.com

• Headquarters: Bangkok, Thailand

• Estimated Revenue (2023): USD 500 million

• Main Business: Production of biodiesel and other bio-based chemicals

• Growth Drivers: Expansion of biodiesel production, strategic partnerships in the bio-based chemicals sector, and alignment with national policies on renewable energy and sustainability.

8. Tropical BioEnergy Co., Ltd.

• Website: Currently not available

• Headquarters: Bangkok, Thailand

• Main Business: Production of bioethanol from agricultural feedstocks like sugarcane and cassava

• Growth Drivers: Increasing bioethanol production capacity, investment in R&D for more efficient production processes, and participation in Thailand’s E20 and E85 fuel programs.

9. Khon Kaen Sugar Industry Public Company Limited (KSL)

• Website: www.kslsugar.com

• Headquarters: Khon Kaen, Thailand

• Estimated Revenue (2023): USD 1 billion

• Main Business: Sugar production with significant activities in bioethanol production

• Growth Drivers: Integration of bioethanol production with sugar manufacturing, expansion into renewable energy markets, and leveraging by-products for sustainable fuel production.

10. Bangchak Biofuel Co., Ltd.

• Website: www.bangchak.co.th

• Headquarters: Bangkok, Thailand

• Main Business: Production of biodiesel and biofuels, particularly from palm oil

• Growth Drivers: Expansion of biodiesel production facilities, strong focus on sustainability and circular economy practices, and support from government mandates for biodiesel blending.

These companies are experiencing significant growth in Thailand’s biofuels sector due to strong government policies promoting renewable energy, increasing demand for sustainable fuel alternatives, and their investments in expanding production capacities and technologies.