GGC Partners with CP AXTRA to Study Used Cooking Oil for Renewable Energy

M&A · Partnership
โดย thunhoon.com·TH·Read original
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Global Green Chemicals Public Company Limited (GGC) and CP AXTRA Public Company Limited (CP AXTRA) have signed a memorandum of understanding to study the feasibility of collecting used cooking oil from CP AXTRA branches, as well as its group companies and network, to improve its quality and create new value in line with the circular economy concept. It is expected that approximately 50,000 liters of used cooking oil can be collected per year, to be used as feedstock for producing sustainable aviation fuel, bioplastics, and biochemicals. Dr. Krisada Prasertsukho, Managing Director of GGC, said that this collaboration is an important opportunity to study alternative feedstocks and add value from used resources. Meanwhile, Mrs. Siriporn Dechasingh, Chief Sustainability and Corporate Communications Officer of CP AXTRA, said that this collaboration reflects the practical application of circular economy principles, and if the study is successful, there is potential to expand into the production of sustainable aviation fuel, which would help reduce greenhouse gas emissions in the aviation sector.

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Synthetic Biology (non-pharma) · 1 stocks
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CP Axtra Public Company Limited
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CP AXTRA partners with GGC to collect used cooking oil from its branches and network as feedstock, creating a new value stream from its waste.

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