<article>Thailand’s listed <a style="color: #000080;" href="http://www.buriramsugar.com/">Buriram Sugar Pcl (BRR)</a> is looking for foreign partners to co-invest in two sugar production plants, amounting around 10 billion baht ($281.7 million).</article>

Thailand’s listed <a style="color: #000080;" href="http://www.buriramsugar.com/">Buriram Sugar Pcl (BRR)</a> is looking for foreign partners to co-invest in two sugar production plants, amounting around 10 billion baht ($281.7 million).
The investment will not include only sugar productions but also value-added by-products such as bagasse-based power plants, ethanol plants and fertilizer plants, said BRR’s chief executive Anant Tangtongwechakit.
“To be granted these two licenses is a big opportunity to grow our business aggressively as well as to export refined sugar to serve the increasing demand in Asia,” he said.
The plants, which are located in Buriram and Surin provinces, are planned to have a daily production capacity of sugarcane of 20,000 tonnes each.
As scheduled, it has to start the operation of sugar plants by 2019 in accordance with the regulations of <a style="color: #000080;" href="http://www.ocsb.go.th/th/home/index.php">the Office of Cane and Sugar Board</a>, citing that sugar plants must start within five years after the license is approved.
He added that the bagasse-based power plants will have a combined capacity of 19.8 megawatts and the fertilizer plant will have total production capacity of 30,000 tonnes.
In February, BRR has put into operation its second 9.9-megawatts biomass facility near its sugar mill in Buriram. The investment in the project is estimated at 700 million baht.
Around 80 per cent of the power plant’s output will be bought by the <a style="color: #000080;" href="https://www.pea.co.th/">Provincial Electricity Authority</a> under a power purchase agreement.
It will further expand its renewable energy operations and has already initiated a feasibility study for an ethanol production plant with a daily capacity of 150,000 litres, the CEO added.
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Thailand’s listed Buriram Sugar Pcl (BRR) is looking for foreign partners to co-invest in two sugar production plants, amounting around 10 billion baht.

Thai sugar producer Buriram seeking partner to invest $281.7m

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Thai sugar producer Buriram seeking partner to invest $281.7m

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