Thailand’s Board of Investment (BOI) on Wednesday approved five large-scale projects with a total investment of around 41.83 billion baht (US$1.35 billion).
They also approved measures to strengthen the country’s agricultural sector and agro-industry in line with the BCG (Bioeconomy, Circular Economy, and Green Economy) model.
The BOI’s meeting which approved the investments was chaired by Prime Minister Prayut Chan-ocha.
These five projects include:
- Sammitr Group’s production of battery electric vehicles (BEV) in Phetchaburi, with an investment value of 5.5 billion baht and an output of 30,000 vehicles per year.
- Thai Oil’s power project with an investment value of 24.1 billion baht to generate 250 megawatts of electricity using oil waste with an annual output of 80,300 tons of sulfuric acid.
- Envico’s investment of 2.476 billion baht to produce food-grade recycled plastic pellets and recycled plastic pellets.
- B.Grimm’s natural gas-fired power plant with an investment value of 6 billion baht and a capacity of 157.32 megawatts.
- Bangkok Arenas’ 3.745 billion baht investment to build a convention hall aimed at enhancing the capacity of the meetings, incentives, conferences and exhibitions (MICE) industry, and the development of tourism. The project is located at Bangkok Mall Building.