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https://www.nationthailand.com/more/pr-news/40020061

Foreign Countries Eye Tendency Of Thai And Asian Pulp And Paper Industries

WED, SEPTEMBER 14, 2022

This Happened After European Manufacturers Have Been Facing The Effects Of Russia – Ukraine War Causing Material Shortages, While The Federation Of ASEAN Pulp And Paper Industries (FAPPI) And Members Are Very Pleased With Thailand For Organizing The Great Tissue & Paper Bangkok 2022.

Tissue & Paper Bangkok 2022 has vigorously been kicked-start as the world’s leading manufacturers in the paper, pulp, packaging, tissue and sequential product industries come together to join this event.

It has been revealed that the tendency of Thailand and Asian Paper Industries has gotten great potential for both user and manufacturer sides with the continuous growth and expansion after European manufacturers have been facing the material shortage problem deriving from Russia – Ukraine War.

Additionally, the Chairman of the Federation of ASEAN Pulp and Paper Industries (FAPPI) was very pleased with Thailand for organizing the great Tissue & Paper Bangkok 2022 for the first time ever and advised all stakeholders in the paper industry and interested people not to miss this event.

Kyaw Min, Chairman, Federation of ASEAN Pulp and Paper Industries (FAPPI) said about the tendency of the world’s pulp and paper industries that they have been expanding and growing in every region, especially in the Asia Pacific Group; considered the top of the world following North America for the time being.

Since now European manufacturers have been facing the problems of the pulp material shortage and pricy material deriving from Russia – Ukraine War, this causes many manufacturers to import pulp materials from Asia in greater numbers, which drives the region’s paper and pulp industries to very well expand and gain more recognition in the regional and world-class levels.   

Therefore, the arrangement of Tissue & Paper Bangkok 2022 is considered very important for the pulp and paper industry of both Asean and the World’s paper industry. This could be proved when manufacturers from the top leading companies in every sector of pulp and paper industries come together to join the exhibition and attend this event.

Even though this is the first time ever event arranged in Thailand, it gains very well success, FAPPI has given its full support for this event, while the significant general meeting of its members shall be arranged in this event as well. This would be a great opportunity for entrepreneurs and interested people in the paper industry to attend this Tissue & Paper Bangkok 2022.  

Wachara Chinsettawong, President, The Thai Pulp and Paper Industries Association (TPPIA) said about the role of Thai pulp and paper industries that Thailand is considered to have a high capacity for this industry because there are a few countries in the world that have the capacity for comprehensive manufacturing from the upstream to downstream, starting from the forestation for material supply, pulp and paper manufacturing, paper, and paper sequential product manufacturing.

The arrangement of Tissue & Paper Bangkok 2022 would be a key mechanism to support and promote Thai pulp and paper industries on the world stage and a good opportunity to show the capacity of Thai entrepreneurs for being ready not only to take the role in the country’s major foundation industries but also to take part to support and promote the growth of other industries in regional and world-class levels.

In addition to the support and collaboration for this event, TPPIA shall set up a booth in the event to demonstrate the capacity of Thai pulp and paper industries and the readiness of Thai entrepreneurs as well as showcase TPPIA members’ products. Besides, TPPIA shall join the significant seminar of Chief Executive Officers in paper and pulp industries as “Senior Management Symposium” and “Technical Seminar” by the experts from foreign countries, which shall be open for interested people to attend as well.   

In addition to the event itinerary, Patrapee Chinachoti Co-Chairman, Informa Markets – Thailand said that Tissue & Paper Bangkok 2022 is organized to combine 2 major events together as ‘Asian Paper’ and ‘Tissue World Bangkok’, which have been long organised in Europe, Asia and America.

The objective of this event is to focus on building up a strong future and sustainable growth for paper and pulp industries and other related industries in ASIA Pacific, while this event shall be set as a hub for manufacturers, suppliers and entrepreneurs in pulp and paper industries to meet, exchange knowledge and set up the tabletop session both in the event venue and via B2B business platform in order to create business opportunity and link up every sector of pulp and paper industries together.

The exhibitions in this event, aims to showcase, support, promote, and inspire in term of machinery technology innovation and state of art process, meet and exchange knowledge with the world’s entrepreneurs, and follow up the trend of pulp and paper industries in the future, as well as create the business operation with sustainable and eco-friendly growth together.

Tissue & Paper Bangkok 2022 shall be held between the 14th – 16th of September 2022 at Hall 3, Queen Sirikit National Convention Center. 

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https://www.nationthailand.com/pr-news/more/pr-news/40020042

Marriott Bonvoy To Organize Thailand’s Biggest Charity Golf Day In Phuket This October

TUE, SEPTEMBER 13, 2022

Phuket, Thailand – Phuket Will Be Buzzing With Golfers From Across Thailand On Friday October 21, 2022, As Marriott Bonvoy Hosts The Inaugural Southern Thailand Charity Golf Day At Blue Canyon Country Club. More Meaningful Than A Regular Golf Tournament, All Proceeds From This Event Will Help To Support Local Children Through The Asia Center Foundation Phuket And Operation Smile Thailand.

“A fun, engaging golf day is the perfect way to bring the business and golfing communities together to give children a brighter future. Marriott’s International Business Councils are formed in markets where there are multiple hotels to support the communities they operate in, and this inaugural golf day and the money raised will help to give underprivileged kids the future they deserve.” said, Mr Brad Edman, Multi-Property Vice President Phuket and General Manager at Renaissance Phuket Resort & Spa.

All golfers will be welcomed with an amazing goodie bag from Marriott Bonvoy including a premium golf shirt, shoe bag, golf hat and balls. They will then be able to experience a full-filled golf day with light bites and refreshments from Marriott Bonvoy on Wheels food trucks, plus entertainment, fun competitions and surprises across 18 holes with over THB 2 million in prizes! This will be followed by an awards dinner where attendees can connect with like-minded friends and place their bids in live, silent charity auctions.

Registration is open from now until October 16th, at the price of THB 3,300 for Blue Canyon members and THB 3,800 for all other guests. For more information and to register for this unmissable event, please contact Blue Canyon Country Club at proshop@bluecanyonphuket.com, call +66 (0) 81 894 9274 or chat via LineOA @bluecanyoncc.

To browse the best accommodation deals from Marriott Bonvoy’s portfolio of hotels & resorts in Phuket, please click marriott.com/en/destinations/phuket.mi

Marriott Bonvoy – a travel program that helps people connect with others, connect with their passions and places they love – enables members to enjoy world-class benefits and get access to unforgettable experiences in amazing destinations around the world. Learn more at marriottbonvoy.com.

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https://www.nationthailand.com/pr-news/more/pr-news/40020036

MQDC Launches “Whizdom COEX”, A New-Generation Space Concept At Whizdom COEX Pinklao

BY LINE : THE NATION

TUE, SEPTEMBER 13, 2022

Bangkok, September 13, 2022 – MQDC (Magnolia Quality Development Corporation Limited), A Leading International Property Developer Focused On “Pioneering In Sustainnovation For All Well-Being”, Unveils The Whizdom COEX, Its Latest Project Brand That Perfectly Responds To Every Aspect Of Life, Connecting The Dynamic, Modern Lifestyle And The Unique New-Generation Space.

Mr Assada Kaeokhiao, Chief Operating Officer of MQDC, said, “The Whizdom COEX is a property concept that reflects the Whizdom brand’s DNA, where we build an entire ecosystem that meets every living need and lifestyle aspiration for the next generation living. By digging deep into the new generation’s lifestyles and interests, we have found that the new generation is not only looking for a convenient residence but also needs a space that maximizes life efficiency and reflects their unique lifestyle. We have, therefore, innovated from a conventional property concept into a living space that enables all aspects of livelihood to coexist, whether it is to live, work, learn, or play. In so doing, the Whizdom COEX is a state-of-the-art project brand that truly connects ways of living and meets the new generation’s needs.”

The Whizdom COEX has embedded the design of the smart new-generation space that expanded from the “Enjoyable Coexistence” concept. It focuses on constructing a space where all can completely appreciate aspects of living simultaneously, including co-living, co-working, co-learning, and co-playing. This idea is brought to life through innovative design that complies with the new generation’s demands in every facet. From residential spaces to amenities, all are custom-made to align with the present style of living. Further expansion in future real estate projects in prime locations under the “Whizdom COEX” brand, whose four core principles include digitalization, naturalization, experience, and adaptability. 
 

Digitalization – The blend of digital technology into living

The Whizdom COEX has implemented technologies and innovations to provide a seamless experience. The residences and facilities bring smart living to today’s lifestyles, with full facilities, a smart locker, smart storage, and a home automation application. Nonetheless, the Whizdom COEX comes with smart building technology that includes a central utility plant (CUP), a system that pipes cold water to cool the residence efficiently and sustainably. Moreover, the brand project also includes automatic parking that ensures optimal convenience for residents.

Naturalization – The creation of green space

Green space is becoming a crucial part of lifestyles. The Whizdom COEX, therefore, provides nature intimacy to further elevate the quality of life and promote natural therapy. This includes Pocket Gardens scattered throughout residential, common, and outdoor areas. Furthermore, it is designed to meet the “Whizdom Standard”, ensuring quality in each detail of residential projects for quality of life. Green spaces reduce noise pollution through sound absorption and remove air pollution through air filtration to boost well-being. Energy-saving devices minimize electricity use and save water.

Experience – Connecting all dimensions of living

Another unique feature of Whizdom COEX is the “COEX Space”, a social space where Whizdom members and people in the surrounding communities can share and interact. It offers a fully integrated, seamless life experience, connecting all aspects of living for the new generation. The “COEX Space” comprises many zones. Firstly, CO-Café is a zone of friendly all-day cafés and restaurants where all can recharge at breakfast and savour a wide selection of food throughout the day. CO-Play & Creation Space is a smart co-working space for workshops, meetings, or solo working, suited to any new-gen event. CO-Kitchen & Dining is a top spot to sit back with friends while enjoying food and beverage space. Ultimately, there is a CO-Active & Digital Lifestyle, a 24-hour space to stay in form suit for both individual and group workouts. It is equipped with activities and equipment that make exercise always fun. 

Adaptability – Eveready for change

Every detail of the Whizdom COEX is devised and designed to be a living solution for the new generation’s lifestyles and unique needs. It is also constructed to be ready for any changes in the future. The building is equipped with a flood prevention, disinfection, and touchless system to create peace of mind for the residents. Moreover, the pumping system can be maintained and repaired easily, causing minimum disturbance to the residents. The common area has a universal design that people of all ages can enjoy.

“With the unique placemaking and highly functional and comprehensive facilities, the Whizdom COEX is a project brand concept that meets all aspects of trends and needs of the new generation. Not only employing a living innovation for the dynamic lifestyle but the Whizdom COEX is also deemed to be an inspirational space that energizes all facets of life and enhances the delight in every activity. This will lead to the individual’s full potential discovery, co-creation of new greatness, and a knowledge community driven by the new generation. We hope that the Whizdom COEX will be the living solution that truly fulfils the new generation’s lifestyle,” Mr Assada concluded.

MQDC is launching the “Whizdom COEX Pinklao” as the first project under the Whizdom COEX project brand. It is a mixed-use project that spans over four rais on the Charan Sanit Wong Road. The project has two residential towers: “Whizdom Flex” and “Whizdom Fam”, connected to the Bang Yi Khan MRT station in the middle. The “COEX Space” offers a lifestyle community supporting every aspect of life, from living, working, learning, and playing. All of which can happen simultaneously in this next-generation space. 

The sales gallery of the Whizdom COEX Pinklao will be ready to officially welcome all visitors on October 29, 2022.  

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https://www.nationthailand.com/more/pr-news/40020034

University Of Auckland Scholarships Support Students From South-East Asia

TUE, SEPTEMBER 13, 2022

New Zealand’s Leading University, The University Of Auckland, Has Just Announced An Extensive Range Of New Scholarships For Students From South-East Asia, Providing Students With Up To NZD10,000 Of Financial Support.

With the borders now fully open, the University is keen to get South-East Asian students back on campus and has launched the University of Auckland ASEAN High Achievers Scholarship. Applications for the scholarship open on 10 October, and both undergraduate and postgraduate students can apply.

University of Auckland Interim Director International, Ainslie Moore, says the scholarships will be awarded biannually to students studying full-time on a wide range of undergraduate degrees, master’s degrees and postgraduate diplomas, who demonstrate high academic achievement in their previous study.

“This is a significant investment for this University, and we very much look forward to welcoming these top students to Auckland, especially after the past few years of Covid and lockdowns. International students add diversity and richness to our campuses as well as play a major role in research and in the New Zealand workforce outside the university,” she says.

This new scholarship offering is set to reduce financial barriers for incoming students from the region to support them with the transition from online to on-campus learning.

University of Auckland’s Deputy Vice-Chancellor, Strategic Engagement, Dr Erik Lithander, says “Covid has been tough on everybody, especially our international students who have been in limbo for so long. We’ve been supporting them every step of the way and it’s so rewarding to now see them back on campus. There’s nothing quite like the buzz of students rushing between lecture theatres, debating in tutorials, and hanging out in the beautiful Albert Park – it’s what university life is all about”.

The University also supported students from Malaysia, Indonesia & Thailand by offering online learning support providing a high-contact, personalised learning support programme to help students achieve their education goals, whilst border restrictions were in place. Dedicated Learning Advisors were made available to undergraduate students from these countries, to assist students in their local time zone anytime they needed a helping hand.

Throughout the pandemic, the University of Auckland continued to develop institutional partnerships across South-East Asia to strengthen ties within the region.

This included a Memorandum of Understanding with the Ho Chi Minh City University of Technology whereby several long-term goals were identified in areas such as joint research and credit transfer agreements allowing students the opportunity to study at both institutions throughout their degrees. Taylors University in Malaysia is another high-ranking partner that the University has partnered during the pandemic. This partnership allows students studying the Bachelor of Education at Taylor’s University to transfer either to the Bachelor of Education or the Bachelor of Early Childhood Studies offered at the University of Auckland after just one year.

PRNewswire/InfoQuest

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https://www.nationthailand.com/more/pr-news/40020031

Thaicom Brings Earth Observation Technology To Track Tree Growth

TUE, SEPTEMBER 13, 2022

Thaicom Public Company Limited, Led By Chief Executive Officer Patompob Suwansiri And The Management Team, Collaborated In The “Forest With Fingers Project” With Singha Estate Public Company Limited And Siam Kubota Corporation Co., Ltd.

The project aims to reduce carbon emissions and rebuild over 1 million square meters (625 rai) of forest in Chiang Rai.

Thaicom provides Earth Observation (EO) technology to monitor tree growth and calculate carbon absorption by utilizing geospatial data from various sources, such as satellite images, integrated with Artificial Intelligence (AI) and Machine Learning (ML), with the project’s goal of absorbing 4,000 tons of carbon within 10 years. 

Thaicom firmly believes that Earth Observation can help the global warming problem caused by carbon emissions and contribute expertise in space technology to the development of a carbon management platform that will lead Thai society to carbon neutrality in the future.

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https://www.nationthailand.com/pr-news/more/pr-news/40020006

“Singha Soda” Showcases Winners From “Singha Soda Snap The Moment” Campaign With Prizes Worth THB1 Million

BY LINE : THE NATION

MON, SEPTEMBER 12, 2022

Singha Soda Announces The Winners In The PEOPLE And PLACE Categories Who Won Leica D-Lux In “Singha Soda Snap The Moment.” The Campaign Invites Participants To Take A Photo Of Singha Soda And Its New Label With The “Fizzy Moment” Concept, Which They Can Submit Until September 21 And Stand A Chance To Win A Leica M11 With Lenses And Other Prizes Worth Up To 1 Million Baht.

The “Singha Soda Snap The Moment” campaign, which recently passed its halfway point, is a photo-shooting campaign that invites everyone to find their “fizzy moment” with the new Singha Soda label through 4 categories; PEOPLE, PLACE, PLANET, and PEACE. The winners of each category will win the Leica D-Lux valued at over 50,000 Baht and stand a chance to win the grand prize, Leica M11 with lenses, and other prizes valued at over 1 million Baht.

The winners of Snap of the Week in each category are: PEOPLE is Mr. Worawut Chaikittikorn and his work ‘You fizzled my life,’ PLACE: Mr. Adisak Palasap and his work ‘Fizzle up the night with Singha Soda.’ In comparison, the winners of the PLANET category will be announced soon. And don’t forget to participate in the Singha Soda Snap The Moment activity under the PEACE category.

After announcing four winners, every submission will stand a chance to win three special prizes. The final winners will win Leica M11 with lenses kit, a new addition to the Rangefinder series with CMOS BSI sensor over 60 million pixels worth over 450,600 Baht, the 1st runner-up will win Leica Q2 Monochrome valued over 213,300 Baht, and the 2nd runner up will win Leica Q2 worth over 211,300 Baht. Participants can submit their work until September 21 and read more details at Soda Singha Facebook or www.SinghaSodaSnaptheMoment.com 

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https://www.nationthailand.com/pr-news/more/pr-news/40019992

The New Queen Sirikit National Convention Center Welcomes Eight National And International Events In Its First Month Of Reopening

BY LINE : THE NATION

MON, SEPTEMBER 12, 2022

Queen Sirikit National Convention Center (QSNCC) Returns To Center Stage With A New Contemporary Design Yet Retaining The Thai Identity. Positioning Itself As “The Ultimate Inspiring World Class Event Platform For All,” QSNCC Warmly Welcomes Eight National And International Events In Its First Month Of Operation.

Sakchai Pattarapreechakul, Chief Executive Officer (CEO), of N.C.C. Management & Development Co., Ltd., the operator of QSNCC, said, “We are honored to welcome organizers and visitors from all over the world. With the objective of being more than a “convention center” that facilitates “MICE” events, QSNCC will attract more types of events and bring new event profiles, enhancing Thailand’s event industry reputation and positioning Thailand as Asia preferred event destination.”

Eight events are lining up in September, including:

1. Restart Thailand: Asian Exhibition Updates (September 13)
The forum allows international organizations in Thailand and Thai exhibition professionals to network and gain firsthand information from regional speakers.

2. Asian Sustainable and Energy Week 2022 (September 14-16)
ASEAN’s most comprehensive international exhibition and conference on Renewable Energy, Energy Efficiency, the Environment, and Electric Vehicle Technology.

3. Electric Vehicle Asia 2022 (EVA) (September 14-16) 
Thailand’s one and only International Electric Vehicle Technology Conference and Exhibition.

4. Boilex Asia (BXA) & Pumps and Values Asia (PVA) 2022 (September 14-16)
The most comprehensive and specialized international exhibition and conference on boiler, pressure vessel, and pumps and valves technology.

5. Thai Water Expo (THW) 2022 (September 14-16)
Thailand’s International Exhibition and Conference is devoted entirely to water and wastewater technology. The exhibition features technologies and solutions from 25 countries and international pavilions.

6. Tissue and Paper Bangkok 2022 (September 14-16) 
An exciting and innovative exhibition and conference focused on the pulp, paper, packaging, and tissue industries in Asia.

7. Food & Hospitality Thailand (September 21-24)
The event offers products and services for every need in the hospitality industry, from food to travel. 

8. Sustainability Expo: GOOD BALANCE, BETTER WORLD (September 26 – October 2)

Discover multimedia exhibitions and a wide range of initiatives and sustainability guidelines from leading national and international organizations in ASEAN’s largest sustainability expo.

In addition to world-class facilities and services for organizers and visitors, QSNCC has leading retail brands, restaurants, cafés, convenience stores, sports equipment stores, IT stores, and so on to cater to all lifestyles. Even on a no-show day, everyone can have fun and spend quality time at QSNCC.

The Queen Sirikit National Convention Center is ready to unveil its new look as ‘The Ultimate Inspiring World Class Event Platform for All’ on September 12, 2022, onwards. For more information, please contact 02-229-3000 or www.qsncc.com, www.facebook.com/QueenSirikitNationalConventionCenter, and LINE Official: @qsncc 

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https://www.nationthailand.com/pr-news/more/pr-news/40019989

Ministry Of Social Development And Human Security Hosts APEC Women And The Economy Forum

BY LINE : THE NATION

MON, SEPTEMBER 12, 2022

On September 7, H.E. Chuti Krairiksh, Minister Of Social Development And Human Security (MSDHS) Presided Over The Opening Of The APEC Women And The Economy Forum: High Level Policy Dialogue On Women And The Economy.

The event, held at TRUE ICON Hall, 7th Floor, ICONSIAM, Bangkok, is the ministerial meeting with the theme of “Women’s Empowerment through BCG”, in which, the Ministry of Social Development and Human Security by the Department of Women’s Affairs and Family Development served as the host of the meeting. The meeting is composed of Ministers or high-level representatives from ministries or agencies that are related to women and the economy from the APEC Economies, APEC Secretariat, APEC Advisory Council, SOM Chair, and PPWE Chair. 

H.E. Chuti said that on behalf of the Royal Thai Government and the People of Thailand, it was his great pleasure and honour to welcome ministers, head of delegations and other participants. For this APEC Women and the Economy Forum there were 20 economies registered to participate the meeting in a hybrid format, at the total of 150 participants. 

He also said that the meeting was the first hybrid meeting after the recovery of Covid-19. The Thai government underlines the importance of the empowerment and advancement of women and gender equality within Asia-Pacific Region, under the La Serena Roadmap for Women and Inclusive Growth (2019-2030), Putrajaya Vision 2040 and APEC plan of actions and other mechanisms. 

H.E. Chuti also underlined women’s key role in BCG Economies, therefore, supporting women’s opportunity would lead to a sustainable and successful economy and be in line with the theme of APEC Meeting 2022. “Open. Connect. Balance.” which focused on opening access to various opportunity through APEC, connecting to all dimensions and balance in all aspect, in which Thailand believe that the world could transition successfully to a balance and sustainable economy after the Covid-19 recovery.

H.E. Chuti concluded that challenges could be transformed into opportunities and gender perspectives must be mainstreamed into policies, action plans and budgets increasing opportunities for women to have equal access to capital and market, leadership positions, education, and digital skill development in a changing world. Collaborations and networks are keys to provide a supportive environment that could lead to the promotion of inclusive development and empowerment for all women in this region.

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https://www.nationthailand.com/more/pr-news/40019974

Days Of Ukrainian Cuisine In Bangkok Are Coming

SUN, SEPTEMBER 11, 2022

The Embassy Of Ukraine In The Kingdom Of Thailand Invites You To Enjoy The Ukrainian Buffet Dinner As A Part Of The Event “Days Of Ukrainian Cuisine In Bangkok”.

A unique, original, a wide variety of tastes – this is how Ukrainian cuisine is seen by everyone who is familiar with it.

If you have been dreaming to become its connoisseur for a long time, but didn’t have such an opportunity, the Embassy of Ukraine in the Kingdom of Thailand together with Yurii Kovryzhenko  –  a well-known Ukrainian chef, gastro diplomat, whose author’s molecular borsch astounded the Michelin Guide, invite you to enjoy the Ukrainian buffet dinner as a part of the event “Days of Ukrainian cuisine in Bangkok”.

Kovryzhenko is the Ambassador of Ukrainian cuisine worldwide and promotes national gastronomy on all continents. He respects homemade traditional recipes, but at the same time, he’s always looking for modern and “haute” variations.

He came to gastronomy from the world of sculpture, and therefore his dishes are characterized by special aesthetics and thorough attention to the smallest details.

Kovryzhenko was educated in the best culinary schools in Europe – Ecole Ritz Escoffier, Ferrandi Paris, Basque Culinary Center, and others and has received many awards and prizes: Global Chef Awards 2017, Ambassador of Taste for the Global Gastronomy 2021, 2022, Gold Medal Best of Gastronomy 2021. He is also a member of the Order of Disciple Escoffier International.

Kovryzhenko’s name is strongly associated with Ukrainian cuisine, both in Ukraine and abroad.

He promotes national gastronomy at official events at Embassies, international forums and competitions, and cooks for top officials and the political elite.

Kovryzhenko cooked borsch in 30 countries of the world on four continents. He opened restaurants of Ukrainian cuisine in Seoul (Korea) and Tbilisi (Georgia).

Currently, he is opening the Ukrainian neo-bistro Mriya in London, which he calls the “cultural and gastronomic embassy of Ukraine”.

Given his experience and high academic professional education, he considers Ukrainian cuisine to be one of the most difficult in terms of cooking technology.

At the time of the start of Russia’s war against Ukraine, he was in London as part of his gastronomic mission. He is actively involved in charitable activities to raise funds for Ukraine. In two months, he held more than 20 charity dinners and raised more than £500,000. Highlights include a 1,000-person lunch at the Grosvenor House JW Marriott and dinner with Jamie Oliver.

Do not miss your chance to talk to our chef in a friendly atmosphere and take an unforgettable gastro tour to Ukraine at The Emerald Hotel on September 17, 18.00 – 22.00 hrs.

Registration is not required. The restaurant entrance fee for 1 person is 1,299 Thai baht. 50% of the collected charity funds will be transferred through the United24 fundraising platform for Ukraine’s needs.

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https://www.nationthailand.com/pr-news/more/pr-news/40019920

GULF Expands Investments To The US With Acquisition Of 49% Shares In Jackson Generation

BY LINE : THE NATION

FRI, SEPTEMBER 09, 2022

Strengthening The Company’s Energy Business Through The Natural Gas-Fired Power Project In Illinois.

Gulf Energy Development Public Company Limited (GULF), via its subsidiary Gulf Energy USA, has entered into a Purchase and Sale Agreement with J-POWER Group to acquire a 49% stake in the 1,200-megawatt Jackson Generation natural gas-fired power project in a deal valued at over 400 million US dollars (approximately 15,000 million Thai baht) which is expected to be completed within December 2022.

Jackson Generation, located in Will County, Illinois, USA, has a generating capacity of 1,200 megawatts and began commercial operation on 4 May 2022, supplying electricity to the Pennsylvania – New Jersey – Maryland Interconnection (PJM) merchant market. PJM is a regional transmission organization with the highest reliability and electricity demand in the United States, coordinating the movement of wholesale electricity in 13 states, namely, Delaware, Illinois, Indiana, Kentucky, Maryland, Michigan, New Jersey, North Carolina, Ohio, Pennsylvania, Tennessee, Virginia, and West Virginia, as well as the District of Columbia. Jackson Generation has secured a gas supply agreement with a major natural gas supplier and is connected to three main gas pipelines, ensuring that the project will have sufficient fuel supply in the long term.

Ms. Yupapin Wangviwat, Chief Financial Officer of GULF, stated, “This investment in Jackson Generation can be considered GULF’s first step into the US energy market. The project is wholly-owned by Jackson Partners under the J-POWER Group, one of the largest independent power generation companies in the world. J-POWER has been a strong partner of GULF for over 20 years and has jointly invested in natural gas power projects under the Gulf JP group, including some of GULF’s earliest independent power producer (IPP) projects. We are confident that with our long history of gas-fired power project development experience in Thailand, we will be able to contribute our expertise and technology to successfully manage the Jackson Generation project with J-POWER. Furthermore, as electricity demand in the United States continues to increase, GULF sees the opportunity to develop other power projects and is also considering the potential for additional investments with various partners including J-POWER, who has a number of renewable energy projects under development in the United States.”

GULF’s investment in Jackson Generation aligns with the company’s commitment to enhance energy security through the provision of reliable, low-cost electricity through the energy transition towards a low-carbon society as the Jackson Generation project uses state-of-the-art combined cycle gas turbine technology to provide the highest efficiency while producing among the lowest greenhouse gas emissions of any fossil fuel generation facility in the United States. As the project has already begun commercial operation, the company will be able to recognize profits immediately.