Millcon Steel preps green production initiativesSET-listed Millcon Steel, a Thai steel manufacturer, plans to embark on more green business strategies, including the construction of a waste-to-energy power plant and trading carbon credits, as it is determined to follow the government's bio-, circular and green economic model. The company wants to develop its steel business in line with the global effort to achieve a net-zero carbon target by 2050. Millcon also formed joint ventures with other firms to produce electricity from biomass and biogas, then sell it to the Provincial Electricity Authority. Millcon expects steel consumption in Thailand in 2022 to reach 18-19 million tonnes thanks to the state's infrastructure development projects, including the Thai-Chinese high-speed train project. It expects to sell 1.2 million tonnes of steel products domestically and overseas next year, up from a target of 600,000 tonnes in 2021.

Source: Bangkok Post December 09, 2021 11:40 UTC