Thai state oil company delays 19 Mgy ethanol plant due to economy, still advancing with 38 Mgy biodiesel project

In Thailand, the state oil company Bangchak Petroleum said that it will delay its ethanol project due to the uncertain economic conditions. BCP announced in October that it would construct a 19 Mgy ethanol plant in Ayutthaya that would open in early 2010. BCP said at the time that it would hold a 40 percent stake in the venture. However, the company confirmed that it remains on track to open its biodiesel plant in Ayutthaya that will have a capacity of 38 Mgy. The company said that it would expand its biodiesel distribution from 500 to 1000 stations by year-end.

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