UAC forms biogas JV with Italian firm
Universal Adsorbents and Chemicals (UAC) has formed a joint venture with Italy-based biogas company Sebigas to design and build biogas pants in Thailand and other Southeast Asian countries.
The subsidiary company – UAC Energy – will oversee the design and construction of biogas facilities in addition to providing operation and maintenance services.
UAC expects the new JV subsidiary to begin generating revenue next year and hopes it will create more than Bt1 billion (€23 million million) by 2017.
UAC says the JV will aid it in its expansion into renewable energy as the Thai government works to increase its biogas-derived electricity production from 600MW to 3,000MW by 2021.