industry Black Liquor from Paper Mill Used Oil/Solvent from Chemical Industry Used Tires from Auto Industry Waste Reject from Paper Mill Actual 2020: 14.3% substitution by heat • • • Raw Mill Cement Mill

quarter 1/2017. Accordingly, an average price of Fatty Alcohol in quarter 2/2017 was dropped to 1,783 USD/ton from 2,243 USD/ton in quarter 1/2017 and increased from 1,737 USD/ton in quarter 2/2016. In

projects) as well as the ASEAN SBS (i.e. projects which involve activities that pose a negative social impact related to alcohol, gambling, tobacco and weaponry).

company recognized profit of THB 46 million from investments in the Thai Ethoxylate Company Limited (TEX) which produces Fatty Alcohol Ethoxylate (Derivative Product of FA). Lastly, the company had gotten

“Animal Spirits” or “Irrational Exuberance” and through all prior knowledge and experience of asset pricing out the window in favor of “This time it’s different” valuation models. This paper advances an

Company; • All employees are required to wear a surgical mask at all times when in public areas; • Encourage employees to regularly wash their hands with water or alcohol and keep social distance; • The

million from Thai Ethoxylate Co. Ltd., (TEX) a subsidiary of GGC, producing Fatty Alcohol Ethoxylate (Derivative product of FA). As a result, the GGC announced net profit for FY17 of THB 521 million (down

million, decreased by THB 245 million or 85% from the same quarter of the previous year, despite, fatty alcohol business had contributed EBITDA of THB 156 million. This was because the methyl ester business

a negative social impact related to alcohol, gambling, tobacco and weaponry are excluded CASE STUDIES 9 ICBC’s first green bond ▪ Industrial and Commercial Bank of China (ICBC), the largest bank in

(TEX) which producing Fatty Alcohol Ethoxylate (Derivative product of FA). The company also recognized loss of THB 0.09 million from investments in the Thai Eastern Top Seeds Oil Company Limited (TETSO