The Thailand Board of Investment (BOI) yesterday approved investment promotion applications worth a combined 18.7 billion baht (USD535 million) in projects including the production of sustainable aviation fuel (SAF) and logistics, and announced incentives to companies helping local communities to reduce PM2.5 dust.

The meeting, which was chaired by Mr. Parnpree Bahiddha-Nukara, Deputy Prime Minister and Chairman of the BOI, approved the extension for another year of promotional measures providing tax benefits to companies relocating in Thailand. The Board also renewed for another year two other sets of measures, a so-called retention package providing special benefits to companies which have already invested in Thailand for 15 years or more, and an investment package called the Stimulation Measure for Economic Recovery.

“The projects and measures approved by the Board are reflecting the BOI’s commitment to help build a more sustainable future by encouraging industries to reduce pollution and help grow the BCG (Bio-Circular-Green) economy," said Mr. Narit Therdsteerasukdi, Secretary General of the Thailand Board of Investment (BOI), after the board meeting. “The incentives offered to companies when they invest to help local communities reduce PM2.5 dust come on top of our earlier incentives to companies to increase energy efficiency and to use green technologies.”

Project Approvals

The board approved BSGF Co., Ltd.’s 10 billion baht project to produce SAF and other biofuels, including green diesel, green naphtha, and green LPG, from used vegetable oils. The project, located in Bangkok, will have an annual production capacity of about 411,000,000 liters.

The board also approved Omega Logistics Campus Co.,Ltd.’s 8.68 billion baht investment to build a smart distribution center in Samut Prakan Province, near Bangkok.