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World Biofuels
Symposium
November 13-15, 2005
Beijing, China
2nd Annual Canadian Renewable Fuels Summit
December 13-15, 2005
Toronto, Ontario, Canada
Hosted by:
Candadian Renewable Fuels
Association
National Biodiesel
Conference & Expo 2006
February 5-8, 2006
San Diego, California
Organizer:
National Biodiesel Board
11th Annual
National Ethanol Conference: "Policy & Marketing"
February 20-22, 2006
Las Vegas, Nevada, USA
Sponsored by:
Renewable Fuels Association
22nd
Annual International Fuel Ethanol Workshop & Expo
June 20-23, 2006
Milwaukee, Wisconsin, USA
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Posted on
December 26, 2000Thailand to Build at Least Four Ethanol Plants to Cut Oil Bill Thailand's cabinet approved plans to build at least four ethanol plants, costing 2.7 billion baht ($64 million) each, to reduce the nation's oil import bill.
The plants, which will take two years to complete, will produce from sugar cane and other crops up to 2 million liters of ethanol a day, substituting almost 10 percent of the nation's daily gasoline consumption. That would save Thailand, which imports almost all of its crude oil, about 10 billion baht a year.
Adding ethanol would reduce gasoline prices by at least a tenth, Industry Minister Suwat Lipatapallop said after a cabinet meeting this afternoon. The government will provide tax incentives to the plants' builders, he said.
The Thai government is under pressure to ease the effect of high oil prices on the economy, which returned to growth last year after the crisis of 1997-1998. Economic growth more than halved in the third quarter this year to 2.6 percent from the same period last year, as rising oil prices slowed consumer spending and corporate profit.
The use of ethanol will also benefit farmers of sugarcane and rice, the main raw materials for the fuel. Thailand, one of the world's largest exporters of sugar and rice, spent several billion baht to subsidize prices this year as supply exceeded demand.
Brazil, the world's second-largest sugar producer after India, uses ethanol the most to run its cars.
Ford Motor Co., the world's second-biggest automaker, in September signed an agreement with the Thai government to test ethanol on the Ranger pickup truck it assembles in Thailand.
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