PTG Energy Public Company Limited acquired a 33.33% stake in Thai Paiboon Equipment (TPB), a move aimed at bolstering its presence in renewable energy and waste management sectors. The transaction, valued at $11.1 million, marks a strategic step in PTG Energy’s plan to diversify its portfolio and foster sustainable growth over the next five years. One of the primary objectives of the investment is to enhance PTG Energy’s capabilities in refuse-derived fuel (RDF) production.
President Pitak Ratchakitprakarn expressed confidence in TPB’s position as a frontrunner in waste management and RDF solutions, highlighting its potential to mitigate climate change impacts by offering alternative fuels. Ratchakitprakarn emphasized the broader societal and environmental advantages associated with TPB’s operations. TPB’s core services encompass waste collection, segregation, landfill management, and the production and distribution of RDF fuel.
As reported by F+L DAILY, in addition to its existing ventures in the Thai power sector and other industries, PTG Energy is actively ramping up investments in renewable energy, storage solutions, and waste management. These strategic endeavours underscore the company’s commitment to sustainable expansion and adaptation to evolving market dynamics.
