Chinese state-owned automaker Chongqing Changan Automobile Co. Ltd. signed an agreement Tuesday to invest 8.8 billion Thai Baht ($242 million) in a new-energy vehicle (NEV) factory in Thailand.

Energy authorities are planning to apply a “green fuel” or non-tax fuel programme for farmers, allowing them to buy oil at inexpensive prices, says Energy Minister Pirapan Salirathavibhaga.

Caltex announced its strategic plan to grow the business in Thailand by ramping up its retail portfolio nationwide while continuing to enhance brand value by offering high quality services and products to bring the next-level experience for motorist customers across Thailand, reinforcing its position as a leading global service station brand.

Gulf Energy Development, a Stock Exchange of Thailand (SET)-listed firm, is looking forward to a 50% revenue surge, breaking past the 100 billion baht (US$3.03 billion) mark this year. This significant increase is due to the addition of electricity generation capacity and the full operation of its power plants.

Mitsubishi Heavy Industries’ (MHI) Mitsubishi Power has begun operations at the second of four units at the 2.65GW Rayong plant, a combined-cycle, natural gas-fired power plant in Rayong province, Thailand.

BANGKOK, Oct. 11, 2023 /PRNewswire/ — The Thailand Board of Investment (BOI) yesterday approved investment promotion applications worth a combined 41 billion baht (USD1.1 billion) in projects including the manufacturing of electric vehicles (EV), the generation of renewable energy from waste, data centers, as well as travel and tourism infrastructure and equipment.

Miller has announced a new partnership with Central Insurance Services (CIS) in Thailand, aimed at enhancing the firm’s energy offerings and expanding its reach within the region.

The EV market in Thailand is growing rapidly thanks largely to the government’s promotional packages to incentivise both car manufacturing and consumers, high fuel costs and increasing awareness about emissions from road-based transportation.

Thailand EV sales shatter forecasts but sales could slow next year after surprisingly strong 2023 if subsidies are not extended, according to BMI

The Department of Energy Business in Thailand has revealed a 2.3% rise in the country’s fuel consumption to 155 million litres per day (MLD) in the first eight months of the year. This comes despite a decrease in diesel usage by 3.9% to 70 MLD, attributed to escalating prices.