Renewable Energy and Investment Business
Renewable Energy Business and Investment
The Company places a high value on sustainable energy practices and actively seeks to address the risks associated with petroleum-based energy shortages by investing in renewable energy ventures. Additionally, these investments serve as a means to support local farmers and promote public policies conducive to environmental conservation. PTG has made significant investments in various renewable energy enterprises, including a biodiesel operation that manufactures and markets environmentally-friendly products derived from palm oil, such as biodiesel (B100) and refined palm olein (ROL), in collaboration with PPP Greencomplex Public Company Limited (a joint venture of PTG). Furthermore, PTG is engaged in refuse derived fuel (RDF) endeavors through PTG Green Energy Public Company Limited, Palangngan Pattana 5 Co., Ltd., and Clean Community Co., Ltd., all of which operate as subsidiaries of the Company.
Biodiesel Energy Business
PPPGC has embarked on the production and distribution of biodiesel through a joint venture with TCG Holdings Co., Ltd, and RD Kasetpattana Co., Ltd., focusing on the manufacturing and distribution of palm oil products. This initiative constitutes a comprehensive palm complex, encompassing the entire value chain from cultivating high-quality oil palms for farmers to various manufacturing processes. These processes include an extraction plant, palm oil refinery, biodiesel plant, vegetable oil plant, biomass-based electricity production plant, and biogas energy production plant. Additionally, the complex features oil depots with a combined capacity of approximately 100,000 tons, facilitating efficient inventory management.
Currently, the plant boasts a daily production capacity of 0.52 million liters of biodiesel (B100) and 0.17 million liters of refined palm olein (ROL), which is consumable vegetable oil. The biodiesel (B100) produced is incorporated into diesel fuel in accordance with government regulations. PPPGC is strategically positioned to augment its production capacity to meet the escalating demand for palm-based products, aligning with the growing trends towards eco-friendly and bio-circular-green economies, and the imperative to reduce greenhouse gas emissions in the foreseeable future.
Note :
1/ The density of biodiesel = 0.863 million liters.
2/ The density of consumable vegetable oil. = 0.9 kilograms per liter
Waste-to-Energy Business
The waste-to-energy business is operated by Palang Pattana 5 (“PP5”), a subsidiary of the Company. This innovative project focuses on generating electricity through the combustion of waste collected from the Ban Phru Town Municipality Community, Songkhla Province, and neighboring local administrative organizations. Currently, the power plant is in the developmental phase, overseen by PTGGE, situated in Hat Yai District, Songkhla Province, spanning an area of approximately 30 rai. The facility comprises a direct incineration power plant, a waste separation plant, a wastewater treatment facility, and a landfill capable of accommodating approximately 600,000 tons of waste collected from surrounding communities, facilitating additional power generation.
The project finalized a power purchase agreement (PPA) with the Provincial Electricity Authority (“PEA”) in April 2023 and anticipates commencing commercial operations (COD) in 2025. Designed to handle 600 tons of waste daily for direct incineration on behalf of PEA over a 20-year contract period, the waste-to-energy power plant is poised to play a pivotal role in addressing energy needs. The electricity procurement follows a Feed-in Tariff (FiT) structure tailored for very small power producers (VSPP), comprising a FiT Fixed rate (FiTF) and FiT Variable (FiTV) totaling 5.08 baht/unit, augmented by a FiT Premium of 0.70 baht/unit for the initial 8 years post-COD.
With a steadfast commitment to sustainability, PP5 is dedicated to advancing waste-based thermal power plants to meet the energy requirements of local communities. Their approach prioritizes holistic considerations encompassing societal well-being, community welfare, environmental preservation, and the interests of all stakeholders, ensuring an optimized investment in this progressive venture.