ID :
205928
Thu, 09/08/2011 - 08:06
Auther :
Shortlink :
http://m.oananews.org//node/205928
The shortlink copeid
Thai government to extend use of higher-graded bio-diesel
BANGKOK, September 8 (TNA) - The Thai government will likely continue enforcing the use of B4, or 4-per cent bio-diesel, for another month, until October 2011, due to excess supply of crude palm oil (CPO), a main raw material of the country's B4 bio-diesel production.
Virapol Jirapraditkul, Director-General of the Ministry of Energy's Department of Energy Business, told reporters that the one-month enforced extension of domestic use of B4, expected to be soon publicly announced by his ministry's Energy Policy and Planning Committee in its new resolution, followed a recent check which found that Thailand's CPO stocks stood at some 200,000 tons, an excess supply from its optimum 120,000 tons.
Virapol acknowledged that the extended use of B4, after his ministry's current enforcement of its use expires at the end of this month, will help boost domestic demand of CPO by 30,000-40,000 tons and assist local oil palm plantations.
Virapol said he is scheduled to meet officials concerned of the Ministries of Commerce and Agriculture and Cooperatives, as well as representatives of local oil traders and CPO producers on Thursday to jointly discuss and review CPO demand and supply on the domestic market, before reporting the latest finding to his ministry's Energy Policy and Planning Committee for further consideration and action.
According to the senior energy official, Thailand needs to suspend the B4 use in November, when CPO supply will considerably drop at the end of its yearly production period, and to turn to use B3, or 3-per cent bio-diesel.
Meanwhile, new Thai Energy Minister Pichai Naripthaphan said that he will encourage PTT Public Company Limited (PTT), the country's largest petroleum firm, to speed up its plan to construct the second-phase terminal of liquefied natural gas (LNG) to sustain national energy security, and that the new Thai government will also seek to conclude an offshore joint energy development deal with neighbouring Cambodia for the same purpose. (TNA)
Virapol Jirapraditkul, Director-General of the Ministry of Energy's Department of Energy Business, told reporters that the one-month enforced extension of domestic use of B4, expected to be soon publicly announced by his ministry's Energy Policy and Planning Committee in its new resolution, followed a recent check which found that Thailand's CPO stocks stood at some 200,000 tons, an excess supply from its optimum 120,000 tons.
Virapol acknowledged that the extended use of B4, after his ministry's current enforcement of its use expires at the end of this month, will help boost domestic demand of CPO by 30,000-40,000 tons and assist local oil palm plantations.
Virapol said he is scheduled to meet officials concerned of the Ministries of Commerce and Agriculture and Cooperatives, as well as representatives of local oil traders and CPO producers on Thursday to jointly discuss and review CPO demand and supply on the domestic market, before reporting the latest finding to his ministry's Energy Policy and Planning Committee for further consideration and action.
According to the senior energy official, Thailand needs to suspend the B4 use in November, when CPO supply will considerably drop at the end of its yearly production period, and to turn to use B3, or 3-per cent bio-diesel.
Meanwhile, new Thai Energy Minister Pichai Naripthaphan said that he will encourage PTT Public Company Limited (PTT), the country's largest petroleum firm, to speed up its plan to construct the second-phase terminal of liquefied natural gas (LNG) to sustain national energy security, and that the new Thai government will also seek to conclude an offshore joint energy development deal with neighbouring Cambodia for the same purpose. (TNA)
