The Board of Investment (BOI) of Thailand approved four large-scale industrial projects in December 2019, with a total investment of THB 30.17 billion (USD 997 million). The projects consist of an ethanol production project, two automobile and motorcycle tire production projects and a scrap and waste metal extraction project.
- An ethanol production project with an investment value of THB 7.8 billion (USD 258 million) will be located in Nakhon Sawan Province to produce bio-ethanol from agriculture products such as sugarcane as main feedstock. The plant will produce 99.5% fuel-grade ethanol with a capacity of 237,600,000 liter per year and a 85-megawatt biomass power generation from steam.
- A tire production project with an investment value of THB 7.48 billion (USD 247 million) for the production of radial tire, rubber track and motorcycle inner tube will be located in Rayong Province. The project will use natural and synthetic rubber as raw materials, and will use annually 72,000 tons of locally produced natural rubber.
- A radial tire production project with an investment value of THB 11.02 billion (USD 364 million) will be located in Chonburi Province. The Manufacturing plant will use annually 17,006.5 tons of locally produced natural rubber.
- A metal extraction project with an investment value of THB 3.874 billion (USD 128 million) will be located in Chonburi Province. The project will extract metals such as copper, nickel, zinc, tin, silver, gold and palladium from discarded Printed Circuit Boards (PCBs) and copper scrap, with a production capacity of 148,000 ton per year.
(Source: Board of Investment, Thailand)