http://sg.biz.yahoo.com/050907/15/3uruw.html
Thai Press: Cabinet OKs Plan For PTT To Import Ethanol
Wednesday September 7, 10:34 AM
THAI PRESS: Cabinet OKs Plan For PTT To Import Ethanol
BANGKOK (Dow Jones)--The Thai Cabinet has approved the Energy
Ministry's proposal to allow state-owned oil and gas conglomerate PTT
PCL (PTT.TH) to import ethanol, in a bid to combat an ethanol
shortage in the country, the Thai-language Mathichon newspaper
reports, quoting a government spokeswoman.
PTT will be allowed to import 17.82 million liters of ethanol that
will be exempted from import tariffs, from September to December, the
report quotes Sansanee Nakphong as saying.
The imported ethanol will be used solely to produce gasohol, an
automotive fuel made of 10% ethanol (ethyl alcohol) and 90% gasoline.
The Thai government is aggressively promoting the use of gasohol to
replace premium gasoline, in an effort to reduce the country's heavy
dependence on oil imports.
An Energy Ministry study has forecast a shortfall of 17 million-18
million liters of ethanol for the remainder of the year, as water
shortages and high production costs have limited domestic output, the
report says.
Newspaper Web site: http://www.mathichon.co.th
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