FRIDAY, March 29, 2024
nationthailand

Bangchak innovation centre to focus on green energy

Bangchak innovation centre to focus on green energy

Bangchak Corporation Plc has opened the Bangchak Initiative and Innovation Center (BiiC) to build upon existing green energy and bio-based businesses.

In line with the Thailand 4.0 strategy, the centre will feature international experts in the field of green energy and innovative bio-based products at the Bangchak head office in Sukhumvit.
The company’s president and chief executive officer, Chaiwat Kovavisarach, said that BiiC would feature talks from international experts in the field of innovative green energy and bio-based products. The centre will focus collaboration of various enterprises to create a “green ecosystem” that promotes innovation and pushes forward breakthrough in these fields. The emphasis will be on resource optimisation, energy efficiency, and use of renewable and biodegradable materials, in order to reduce environmental impacts and elevate the Thai economy and society. 
“As for the promotion and investment in start-ups, we are proactively searching for investment opportunities from a variety of channels, said Chaiwat.
Bangchak has partnered with Plug and Play, which is a start-up accelerator and open innovation platform in Silicon Valley, in order to monitor and incorporate new technologies in the field of energy, new material and packing.
“Our select investments will be to scale up operations and accelerate growth … centred on green energy, bio-based products, and the reduction of waste and greenhouse gases” Chaiwat said.
 

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