7th Oleochemicals Outlook,

25-26 Sep, 2019 - Singapore, SINGAPORE

Novotel Singapore on Stevens

  • Promotion Partner
  • Promotion Partner
  • Promotion Partner
  • Promotion Partner
  • Promotion Partner
  • Promotion Partner

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Thailand to promote biolubricants from farm products

Posted on : 05 Sep, 2019

Thailand’s Industry Ministry is planning to boost the country’s oleochemicals industry by promoting biolubricants from Thai farm products. The efforts are seen as part of the government’s bioeconomy scheme (2018-27) that aims to promote Thai farm products and the country as the biochemical hub of Southeast Asia by 2027.
Biolubricants - that are used as additives to increase efficiency of motors and engines of vehicles – can be extracted from farm products such as palm oil. Producing biolubricants can help address the looming problem of excess palm oil in the market. In the oleochemical industry, palm oil is extracted as a fatty acid – used  to produce biolubricants.
With APAC being the largest oleochemical market and its biolubricant market expected to reach 125 billion baht by 2026, Thailand is well poised to establish its biolubricant sector and add value to the local palm oil industry.
Bio hubs in 3 new provinces in Thailand are being promoted by the ministry including - Chachoengsao, Ubon Ratchathani and Lop Buri. These are in addition to the existing locations of the bioeconomy scheme in Khon Kaen, Nakhon Sawan and Kamphaeng Phet.
Find out more about Asia’s oleochemicals industry at CMT’s 7th Oleochemicals Outlook on 25-26 September, 2019 in Singapore.
Email Ms. Grace at grace@cmtsp.com.sg or call +65 6346 9147 for more information on this conference.