Biofuel Plant Set for Burma
24 December 2012
Universal Adsorbents & Chemicals Plc (UAC) plans to invest in a new US $25 million alternative biofuel energy project in Burma which is expected to start operating in 2014. Chief executive Kitti Jivacate said the firm will enter the project with a domestic partner who will own a one-fifth stake, reported the Bangkok Post on Monday. The plant will be located on Burma’s Song Island across from Thailand’s southern Ranong Province and will use palm oil as its raw material. UAC previously announced its intention to build two water-treatment projects in Burma—one in Mandalay and a second in Rangoon—through its UAC Hydro Tech Co. subsidiary.