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Thai Oil Delays Cassava Ethanol Project

Posted on June 30, 2008

Bangkok Post. Thai Oil Plc, Thailand s largest oil-refining company, plans to delay its cassava-based ethanol investment plan because of rising cassava prices.The company had planned to invest 5.1 billion baht (US$152 million) in an ethanol plant with production capacity of 500,000 liters (132 thousand gallons US) per day, with operations due to start in the middle of 2009. Now the prices of cassava chips have risen to 12-13 baht a kilogramme while there is sufficient production of molasses, which is the other ethanol raw material. We need to study the return on investment once again to s...

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