year. For Ethanol production and sales business, performance was also better than last year, as in 2018, KSL Green Innovation Co., Ltd.’s performance was realized for the full year, resulting in the

in Indonesia, resulting in 2017’s PPA capacity increasing to 332 MW from 145 MW in 2016. Bio-based Product Business recorded better performance. Ethanol Fuel Business’s performance improved from the

previous year. Moreover, the company was able to efficiently manage raw material cost, improving gross profit from the previous year. As for the Ethanol Business, the quantity produced and sold increased

fuel grade and combined with other production costs lowering. Also with Glycerin price in the global market increasing, despite the sales volume of B100 products declining . The Ethanol Production and

Business of BCPG Plc. and its subsidiaries 4/ EBITDA from Bangchak Biofuel Co., Ltd., Bangchak Bioethanol (Chachoengsao) Co., Ltd., Ubon Bio Ethanol Co, Ltd., and BBP Holding Co., Ltd. 5/ EBITDA from Nido

previous year mainly due to in 2017, one of subsidiary which operates ethanol business has amalgamated with Bio-fuel business of subsidiary of Bangchak Corporation PCL. This amalgamation in accounting aspect

the quarter. However, from the increase of the B100 products price combined with the ability to efficiently manage raw material, thus improving gross profit. As for the Ethanol Production and

. For biodiesel business, performance was better from the expanding B100 product sales volume, as the government mandate the B100 mixing portion in Diesel product to be 7%. For denatured ethanol business

, and the global market price of Glycerin that has adjusted downwards. As for the Ethanol business, its production and sales volume of Ethanol products increased from the same period of the previous year

margin was declined from the higher raw material price. The Denatured Ethanol Business saw performance improved from last year following the amalgamation, however gross profit was affected by the declining