Thailand: Biofuels Annual

The new 20-year AEDP (2018 – 2037), which was approved by the Cabinet on April 30, 2019, is likely to lower the biofuel consumption target. The biofuel price subsidy will be phased out during 2020 – 2022 under the new State Oil Fund Act, which was enacted on September 24, 2019. Ethanol production and consumption for 2019 is expected to continue to increase, albeit at a slower pace than 2017 due to the delay in the cessation of Octane 91 E10 sales. Biodiesel production and consumption is expected to grow by 12 and 11 percent respectively in 2019.

Thailand: Biofuels Annual