Thailand: Importing palm oil for bio-diesel production under consideration

BANGKOK (TNA)

Thailand’s government-sponsored Oil Fund may have initiate incentives to encourage palm oil planters to grow more trees here, Mr. Piyasvasti said.

Imports of palm oil may have to be made carefully as they may pose a negative impact on the bio-diesel production plan by Thai Oleochemicals, a subsidiary of PTT Chemical Pcl., scheduled to start late this year with a production capacity is 600,000 litres daily.