Ua Withya (UWC) is turning itself into a biofuel supplier , with the plan to produce biofuel from napier grass.
The investment will be carried out by Paradise Green Energy Co Ltd, which is owned 60 per cent by UWC and 40 per cent by investors in the province. The joint venture started growing napier grass on a 1,000-rai land plot in Khon Kaen. The plantation area was recently expanded to 3,500 rai and the company has invested in new technology to extract fuel from the grass.
The fuel, in bars and pellets, will be supplied to the biomass power plants of the company and others which are located in the Northeast, said Peratus Dhanarachwattana, managing director.
"Biomass power plants have suffered from volatility in prices and fuel supplies. With expertise in engineering and power generating, we step into the industry and hope to fill this gap," Peratus said.
He added that UWC has the policy to expand the plantation area to other areas in Khon Kaen and other provinces, where UWC plans to erect its own biomass power plants.
Established in 1967, UWC manufactured and distributed transmission line towers, substation steel structures and hot-dipped galvanising services.