400,000 tons. In the meantime, the measurements to stimulate domestic consumption of palm oil were rarely impact; for example, cooperating with EGAT to purchase crude palm oil as fuel for power generation
the Electricity Generating Authority of Thailand (EGAT) to purchase crude palm oil continuously in the amount of 360,000 tons to be used as electricity which currently EGAT has bought 220,000 tons. The
will help to reduce the purchase of Crude Oil from other country and also support stability of the power business of Thailand which the crude palm oil (CPOA) is the major raw material for biodiesel
/ litre respectively from October 2019 onwards. In addition, the Electricity Generating Authority of Thailand ( EGAT) has been assigned to purchase crude palm oil to produce electricity continuously
industry as the government support this kind of business as it is a clean renewable energy compare to diesel. This will help to reduce the purchase of Crude Oil from other country and also support stability
THB 2,436 million, as crude purchase slightly declined, and crude oil price lowered. Average Dated Brent oil price in June 2017 was 46.52 USD/BBL, compared to 53.60 USD/BBL in December 2016, also
refineries switching to Light grade crude, especially Chinese refineries, which has also lowered purchase of Heavy grade crude due to OPEC’s production reduction that caused the product’s shortage and price
Heavy grade crude becoming considerably harder, due to various countries having to reduce crude purchase from Iran to avoid any potential conflicts with the US. The spread between Dated Brent and Dubai
. Also, the Company foresee the growth of Biodiesel industry as the government support this kind of business as it is a clean renewable energy compare to diesel. This will help to reduce the purchase of
still affected by the oil price volatility in the global market. Despite the crude oil price recovery, the average crack spread between finished product and referenced crude oil price continues to decline