Renewable Energy and Investment Business
Renewable Energy Business and Investment
The Company places importance on sustainable energy use and aims to mitigate the risk of future petroleum energy shortages. As such, the Company has invested in renewable energy businesses, which also support local farmers and align with government policies. These investments include an integrated palm complex business producing environmentally friendly palm-based products such as biodiesel (B100) and refined palm olein (ROL) through PPP Green Complex Public Company Limited (“PPPGC”), an associate of the Company. In addition, the Company invests in waste-to-energy power plants and Refuse Derived Fuel (RDF) production businesses, operated through PTG Green Energy Public Company Limited (“PTGGE”), Palangngan Pattana 5 Co., Ltd. (“PP5”), and Clean Community Company Limited (“CCC”), all of which are subsidiaries of the Company.
Biodiesel Energy Business
PPP Green Complex Public Company Limited (PPPGC) is a joint venture between TCG Holdings Co., Ltd. and RD Kasetpattana Co., Ltd., which commenced full commercial operations in 2019. The company aims to become a leading integrated palm oil products producer in Southeast Asia, covering the entire value chain from collaboration with farmers to improve the quality of oil palm yields to the development of environmentally friendly production processes.
The business structure includes a palm oil extraction plant, refined palm oil and olein refinery, biodiesel refinery, refined glycerin plant, oil storage facilities, and a power plant with high-pressure boilers. Operations are conducted under the Bio-Circular-Green (BCG) Economy principle, emphasizing sustainable development and a Zero Waste concept while considering stakeholder sustainability and reducing greenhouse gas emissions to support Thailand’s target of achieving carbon neutrality by 2035.
Currently, PPPGC produces key products including biodiesel (B100) with a production capacity of 0.52 million liters per day1/, refined palm olein (edible palm oil) with a capacity of 200 tons per day2/, and refined glycerin with a capacity of 45 tons per day. In addition, PPPGC also produces palm oil products and other by-products. Going forward, the company plans to expand production capacity across its facilities and explore related business opportunities to support growing market demand for palm-based products, particularly environmentally friendly products.
Note :
1/ The density of biodiesel = 0.863 million liters.
2/ The density of consumable vegetable oil. = 0.905 kilograms per liter
Waste-to-Energy Business
Palangngan Pattana 5 Co., Ltd. ("PP5"), a subsidiary of the Company, operates a waste-to-energy project that uses municipal waste from Ban Phru Municipality in Songkhla Province and nearby local administrative organizations participating in the project as its primary fuel source. The project is located in Hat Yai District, Songkhla Province, covering an area of approximately 30 rai, and is currently under construction and development. The project consists of a direct-combustion waste power plant, a waste sorting facility for the production of Refuse Derived Fuel (RDF), a wastewater treatment system, and a landfill with a capacity of approximately 600,000 tons for waste collected from surrounding communities for power generation.
At present, the project has signed a Power Purchase Agreement (PPA) with the Provincial Electricity Authority (“PEA”) in April 2023, and the waste-to-energy power plant is expected to commence commercial operation (COD) in 2026. The plant has the capacity to process 400 tons of waste per day for direct combustion and will supply electricity to PEA under a 20-year contract. The electricity purchase rate follows the Feed-in Tariff (FiT) scheme for Very Small Power Producers (VSPP), comprising both FiT Fixed (FiTF) and FiT Variable (FiTV) components, totaling THB 5.08 per unit. This includes a base tariff and a FiT Premium of THB 0.70 per unit, which will be provided for the first eight years from the commercial operation date (COD).
In addition, the RDF production facility has fully commenced in 3Q2025, with the capacity to process 300–600 tons of fresh or accumulated waste per day and produce 100–200 tons per day of RDF Type 2.5 or Type 3. The RDF products will be sold to cement plants and other waste-to-energy power plants in the region. Additional revenue streams will include waste disposal service fees, revenue from the sorting and sale of recyclable materials, and income from greenhouse gas emission reductions, which can be converted into carbon credits.
PP5 is committed to developing sustainable waste management solutions for municipal and accumulated waste in Southern Thailand in order to support the country’s energy demand. The Company also aims to ensure that this investment is carried out efficiently while taking into account the interests of society, local communities, the environment, and all stakeholders.
