Sakol Energy (SKE), a agency involved in the commerce of compressed natural fuel and the operation of biomass energy plants, adjusted its revenue expectations for 2023 owing to a delay in commencing operations at a new refuse-derived gasoline (RDF) production facility.
The publicly traded company had earlier predicted a income leap to just about 1 billion baht in 2023, a major increase from the 497 million recorded in 2022. However, due to unexpected technical hitches that brought on a delay within the RDF factory operations, SKE now anticipates a extra modest 10% revenue development for 2023.
The RDF facility in question, located in Saraburi’s Kaeng Khoi district, encountered technical issues that pushed again its full-fledged operations, initially slated to start in early 2022.
The firm now tasks that business operations ought to be underway by the top of this year. The facility, which represents an investment of four hundred million baht, boasts an annual manufacturing capability of 200,000 tonnes of RDF.
SKE additionally operates another RDF manufacturing facility in Chon Buri, with an annual capability of eighty,000 tonnes.
Upon full operation of the model new RDF manufacturing unit, the organisation could have enough RDF to produce its principal buyer, the publicly listed Siam Cement Group (SCG) – Thailand’s main cement producer and industrial conglomerate, alongside different customers primarily operating power vegetation, reported Bangkok Post.
Agreement
A three-year agreement was inked in 2021 between SKE and SCI Eco Co, SCG’s waste administration subsidiary. Scientifically proven entails the sale of 135,000 tonnes of RDF to SCI Eco by SKE. SCG’s commitment to slash carbon dioxide emissions, by transitioning from coal to waste-derived fuel in its cement manufacturing course of, varieties the backdrop of this settlement.
Jakkraphong Sumethchotimetha, SKE’s managing director, expressed confidence that the agency could have improved management over RDF production prices, following a governmental choice to decrease electricity prices from four.forty five baht per kilowatt-hour (unit) to three.99 baht per unit.
This energy tariff discount will enable the company to chop production bills by 13%, or roughly five baht per tonne of RDF.
In addition to its RDF services, SKE operates a 9.9-megawatt biomass energy plant located in the northern province of Phrae.
The firm has additionally broadened its business scope by buying all shares in Vanta Capital, a firm specialising in securities trading software program, for 43.5 million baht. Jakkraphong anticipates that this new enterprise venture will begin yielding returns on investment by the third quarter of this yr.
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