Picture courtesy of Bangchat Corporation
Bangchak Corporation, one of the big dogs on the Stock Exchange of Thailand (SET), is turbocharging its efforts to collect used cooking oil, aiming to transform it into sustainable jet fuel (SAF) by next year—a first-class upgrade for greener skies.
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Bangchak Corporation, one of the big dogs on the Stock Exchange of Thailand (SET), is turbocharging its efforts to collect used cooking oil, aiming to transform it into sustainable jet fuel (SAF) by next year—a first-class upgrade for greener skies.
BSGF, Bangchak’s SAF-producing brainchild, has penned a memorandum of understanding (MoU) with New Biodiesel to scoop up used cooking oil from the southern provinces. But that’s not all! Bangchak has snapped up a 45% stake in Thanachok Vegetable Oil (2012) Co, New Biodiesel’s parent company, which excels in palm oil production and gathering spent cooking oil, said Thamarat Paryoonsuk, the top exec in charge of refinery and oil trading at Bangchak
“The MoU is a nod to the circular economy.”
In this eco-friendly economy, waste like cooking oil is recycled into high-value products,…