Zhuoyue New Energy announced on the evening of July 8 that it plans to invest RMB 700 million of self-raised funds in a bioenergy production project in Chonburi Province, Thailand. The project will be executed by its wholly owned subsidiary, Zhuoyue New Energy (Thailand) Co., Ltd.
The project includes the construction of a 300,000-ton-per-year biodiesel production facility and a 100,000-ton-per-year integrated HVO/SAF (Hydrotreated Vegetable Oil / Sustainable Aviation Fuel) production line, along with associated infrastructure. The entire project is expected to be completed over a 12-month construction period and will be carried out in phases. Phase one will focus on the completion of the biodiesel plant and its supporting facilities.
Currently, Zhuoyue’s Thai subsidiary has completed the necessary overseas investment filings, obtained an approval certificate from Thailand’s Board of Investment (BOI), and signed a land lease agreement. The project has now entered the land survey stage, and construction is progressing steadily.
Once completed, this project will significantly enhance Zhuoyue New Energy’s overseas production capacity and support its strategic expansion into the international biofuel market, particularly in Southeast Asia. The development aligns with global efforts to promote renewable energy and low-carbon transportation fuels, positioning the company as a competitive player in the growing HVO and SAF sectors.
