Thailand Sets Biodiesel Consumption Targets
28 January 2007
TNA. The Thai Energy Ministry has set a revised biodiesel consumption target for the country of 500,000 liters (132,000 gallons US) per day for 2007, increasing to 4 million liters (1.06 million gallons US) per day by the end of 2011. That would offset as much as 7% of diesel consumption.
The projected reduction in diesel consumption, combined with the use of ethanol and natural gas for vehicles, could help the country save around 18% on consumption of petroleum-based motor fuels, according to the Ministry.
giPTT Pcl. and Bang Chak Petroleum Pcl. will establish more than 300 service stations for biodiesel distribution countrywide.
The Ministry is also considering using the state oil fund to help lower the retail price of biodiesel at service stations by more than 50 satang (0.5 baht, or about US$0.015) per liter against diesel price in order to encourage more motorists to switch. The new prices will be jointly fixed by oil trading firms, biodiesel manufacturing companies and the Ministry of Energy.
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