"biodiesel"

The Energy Policy Administration Committee on Friday approved in principle a measure to stop subsidising premium-grade diesel, which is mostly used in luxury cars, to reduce the burden on the oil fund.

The Energy Ministry is closely monitoring the price of crude oil because even though it dropped recently, it is still volatile and at a high level, ministry spokesman Sompop Pattanariyankool said on Monday.

The Energy Policy and Planning Office (EPPO) on Wednesday approved the move to limit the marketing cost of diesel fuel to not over THB1.4 per litre and cut down biodiesel formulas to just one from December 1, 2021 to March 31, 2022.

Over the next three years, the biodiesel industry will enjoy improved business conditions thanks to an average annual increase of 3-4 per cent in domestic demand, which will then bring consumption to 5.3-5.7 million litres per day, according Krungsri Researchs outlook.

The Ministry of Energy is working with Japan External Trade Organisation (Jetro) to promote the use of renewable energy to over 30 per cent of total consumption within 20 years.

The price of oil palm has been gradually improving and is currently at Bt4.20 to Bt5 per kilogram due to the measures taken by the government to help palm farmers, Deputy Prime Minister and Minister of Commerce Jurin Laksanawisit said on Saturday.

The government’s Bt4 per kilogram subsidy for oil-palm farmers will be extended to November to help promote the production of palm oil for export as well as for manufacturing B10 biodiesel, Maj-General Patchasak Patirupanon said on Wednesday (August 19)

The Department of Energy Business (DOEB) is promoting the use of blockchain technology in crude palm oil trading to prevent price fluctuations and ensure fairness.

The Energy Ministry has urged oil retailers to promote the use of B10 biodiesel as standard biodiesel and consider campaigns to help reduce black-smoke emissions from vehicles, Nantika Thangsupanich, director-general of the ministry’s Energy Business Department, said on Monday (February 3).

Energy Minister Sontirat Sontijirawong said on Wednesday (January 22) that his ministry is preparing two new measures to prevent illegal import of crude palm oil (CPO) from neighbouring countries as part of efforts to ensure stability in the domestic palm price.

Energy Minister Sontirat Sontijirawong visited a PTT petrol station in Viphavadee Soi 11 on Wednesday (January 1) to follow up on the government’s policy to promote B10 biodiesel as standard biodiesel for domestic consumption.

Energy Minister Sontirat Sontijirawong said on Tuesday (October 29) that the Ministry will put new measures in place next year to promote the use of B10 biodiesel (diesel mixed with 10 per cent pure palm oil) and prevent the smuggling of crude palm oil (CPO), an ingredient in biodiesel manufacturing, from neighbouring countries.