SynopsisWastech Exponential, a subsidiary of Milicon Steel, is collaborating with undisclosed partners to construct two waste-to-energy power plants, each with a 9.5 MW capacity. These plants will use recycled end-of-life vehicle waste as fuel. Additionally, Wastech plans to co-develop a biomass-fired power plant with a similar capacity. The company is poised to sign power purchase agreements with the Provincial Electricity Authority soon. This move aligns with Milicon Steel's broader commitment to recycling ELVs and reducing steel imports through the use of recycled steel, reports Bagkok Post.ArticleWastech Exponential, an energy developer and subsidiary of Milicon Steel Pic, is charting a green course in the renewables sector. The company has joined forces with two undisclosed partners to embark on the construction of two waste-to-energy power plants. These facilities, each boasting a robust 9.5-megawatt electricity generation capacity, represent a significant step towards sustainable energy solutions.The driving force behind these power plants is the utilization of waste derived from recycling end-of-life vehicles as a potent source of fuel. This innovative approach not only contributes to reducing waste but also harnesses its energy potential, making it an eco-friendly solution.Chief Executive Tawan Boonyawat, while keeping partner identities and investment details under wraps, emphasized that the projects are rapidly progressing. The geographical location of choice for these power plants is the eastern province of Rayong, strategically positioned for effective waste management and energy generation.Mr. Tawan revealed that Wastech Exponential is on the brink of signing power purchase agreements with the Provincial Electricity Authority, marking a significant milestone in their renewable energy journey.Beyond waste-to-energy initiatives, Wastech Exponential has its sights set on a biomass-fired power plant in the eastern region, also designed to generate 9.5 megawatts of clean energy. This multi-pronged approach demonstrates the company's commitment to diversifying its renewable energy portfolio.This forward-looking strategy aligns seamlessly with Milicon Steel's broader vision. Last year, the parent company announced its foray into the recycling business through its subsidiary, Suntech Recycle & Decarbon Co. Suntech's operations involve importing ELVs from various countries, including Australia, Japan, South Korea, and Latin America, to feed its recycling facility in Rayong.Initially processing 15,000 ELVs per month, Suntech has ambitious plans to scale its recycling capacity to a robust 36,000 units per month in the current year. To support this growth, Suntech entered into a strategic partnership with Gangsan Group, a prominent auto dismantling firm in South Korea. This collaboration ensures a steady supply of unwanted cars for recycling, in line with Suntech's sustainability objectives.Gangsan Group, known for its substantial presence in the dismantling of unwanted vehicles, has also formed alliances with auto giants such as Hyundai and Kia, reinforcing its position in the industry.The recycling process of ELVs is an environmentally conscious endeavor, salvaging valuable components like steel, copper, and plastics for reuse. The residual waste from ELVs will be channeled to Wastech, aligning perfectly with their waste-to-energy initiatives.To fuel its expansion and green energy pursuits, Wastech Exponential plans to raise funds through an initial public offering (IPO) slated for the upcoming year. This financial infusion will empower the company to further its mission of sustainable energy generation and waste management.Milicon Steel, the parent company, envisions the utilization of ELVs as a strategic means to reduce steel imports, favoring cost-effective recycled steel. This integrated approach not only contributes to environmental sustainability but also aligns with the global shift towards a greener future.Conclusion:Wastech Exponential's partnership-driven initiatives in waste-to-energy and biomass power plants signal a commitment to sustainable energy solutions. Collaborations with undisclosed allies, combined with the recycling efforts of subsidiary Suntech, exemplify a forward-looking strategy within the broader context of Milicon Steel's objectives. As they prepare for an IPO to fund their expansion, these endeavors represent a promising path towards a more eco-conscious and energy-efficient future.
SynopsisWastech Exponential, a subsidiary of Milicon Steel, is collaborating with undisclosed partners to construct two waste-to-energy power plants, each with a 9.5 MW capacity. These plants will use recycled end-of-life vehicle waste as fuel. Additionally, Wastech plans to co-develop a biomass-fired power plant with a similar capacity. The company is poised to sign power purchase agreements with the Provincial Electricity Authority soon. This move aligns with Milicon Steel's broader commitment to recycling ELVs and reducing steel imports through the use of recycled steel, reports Bagkok Post.ArticleWastech Exponential, an energy developer and subsidiary of Milicon Steel Pic, is charting a green course in the renewables sector. The company has joined forces with two undisclosed partners to embark on the construction of two waste-to-energy power plants. These facilities, each boasting a robust 9.5-megawatt electricity generation capacity, represent a significant step towards sustainable energy solutions.The driving force behind these power plants is the utilization of waste derived from recycling end-of-life vehicles as a potent source of fuel. This innovative approach not only contributes to reducing waste but also harnesses its energy potential, making it an eco-friendly solution.Chief Executive Tawan Boonyawat, while keeping partner identities and investment details under wraps, emphasized that the projects are rapidly progressing. The geographical location of choice for these power plants is the eastern province of Rayong, strategically positioned for effective waste management and energy generation.Mr. Tawan revealed that Wastech Exponential is on the brink of signing power purchase agreements with the Provincial Electricity Authority, marking a significant milestone in their renewable energy journey.Beyond waste-to-energy initiatives, Wastech Exponential has its sights set on a biomass-fired power plant in the eastern region, also designed to generate 9.5 megawatts of clean energy. This multi-pronged approach demonstrates the company's commitment to diversifying its renewable energy portfolio.This forward-looking strategy aligns seamlessly with Milicon Steel's broader vision. Last year, the parent company announced its foray into the recycling business through its subsidiary, Suntech Recycle & Decarbon Co. Suntech's operations involve importing ELVs from various countries, including Australia, Japan, South Korea, and Latin America, to feed its recycling facility in Rayong.Initially processing 15,000 ELVs per month, Suntech has ambitious plans to scale its recycling capacity to a robust 36,000 units per month in the current year. To support this growth, Suntech entered into a strategic partnership with Gangsan Group, a prominent auto dismantling firm in South Korea. This collaboration ensures a steady supply of unwanted cars for recycling, in line with Suntech's sustainability objectives.Gangsan Group, known for its substantial presence in the dismantling of unwanted vehicles, has also formed alliances with auto giants such as Hyundai and Kia, reinforcing its position in the industry.The recycling process of ELVs is an environmentally conscious endeavor, salvaging valuable components like steel, copper, and plastics for reuse. The residual waste from ELVs will be channeled to Wastech, aligning perfectly with their waste-to-energy initiatives.To fuel its expansion and green energy pursuits, Wastech Exponential plans to raise funds through an initial public offering (IPO) slated for the upcoming year. This financial infusion will empower the company to further its mission of sustainable energy generation and waste management.Milicon Steel, the parent company, envisions the utilization of ELVs as a strategic means to reduce steel imports, favoring cost-effective recycled steel. This integrated approach not only contributes to environmental sustainability but also aligns with the global shift towards a greener future.Conclusion:Wastech Exponential's partnership-driven initiatives in waste-to-energy and biomass power plants signal a commitment to sustainable energy solutions. Collaborations with undisclosed allies, combined with the recycling efforts of subsidiary Suntech, exemplify a forward-looking strategy within the broader context of Milicon Steel's objectives. As they prepare for an IPO to fund their expansion, these endeavors represent a promising path towards a more eco-conscious and energy-efficient future.
