Sparton Resources Inc V.SRI

BCPG takes on the New S-Curve

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Phuwadol Soonthornwiphat, Chief Executive Officer and Executive Vice President BCPG Public Company Limited (BCPG) said that the company is now looking for investment opportunities in the New S-Curve business in addition to the electricity business. but related to energy With the electricity business having a P/E of 12-13%, the company is interested in the battery and energy storage (ESS) business to support the rapidly growing demand of the Asia-Pacific battery market. including the Smart City Planning business that has already been implemented in Chiang Mai University.

In the past, the company has signed a contract to buy and sell convertible debentures of VRB Energy, China, amounting to USD 24 million or approximately 772 million baht, in the business of manufacturing and distributing innovative large-scale electric energy storage systems. Vanadium battery, which is a stable battery. low unit cost and has the longest service life Able to store electricity for a long time be safe The investment will be used in the construction of a 1,000 MW/year battery plant and assembly project. VRB is currently in the process of producing 40 MW/200 first-phase batteries. megawatt-hours (MWh) and build a 50-megawatt-year battery assembly and manufacturing facility.

The company plans to use vanadium batteries in solar power plants in Thailand that the company is already commercially producing. Including future renewable power plant projects to support the power plant's power efficiency better.

In addition, BCPG is studying the possibility of investing in additional batteries such as lithium-ion batteries for electric vehicles ( EV), which may jointly invest with Bangchak Corporation Plc., to launch


power plants in Thailand-Taiwan-ASEAN

As for the core business, there is still ongoing investment. by seeking investment in clean energy power business in Thailand and abroad especially Taiwan, which fully promotes clean energy. with plans to increase solar power plants by 3,000 megawatts per year for 5 consecutive years, therefore, the company has established BCPG Formosa Co., Ltd. to invest in the development and construction of solar power plants in the Republic of China (Taiwan) by The company is 100% owned and aims to produce 1,000 megawatts of solar power over the next five years to reduce its dependence on electricity generation from nuclear and fossil fuels. Currently, the company plans to develop a solar power plant project in Taiwan. The installed capacity of 357 megawatts and combined with the projects under development make the company A total of 469 megawatts of solar power plants have been invested in Taiwan. Commercial power is expected to gradually be distributed in 2022-2025, while the electricity tariff is quite satisfactory at 5.20-5.

Developing a solar power plant project in Taiwan is one of the company's key strategic plans. which builds on from the development of solar power plant projects in Japan Combined with projects in Japan that are already commercially operational and under construction, the company has a total of 586 megawatts of solar power plants in the East Asia region.

Thailand The company has revisited the investment opportunity in the solar power plant project in Thailand further. After Thailand has plans to increase electricity production from clean energy. Under Thailand's Power Development Plan 2018-2037, Revised No. 1 (PDP2018 Rev.1), during 2021-2030 (additional improvements), with contracted capacity from clean energy. Total 9, 996 MW, and approves the principle of purchasing electricity from renewable energy and the proposal of the purchase rate of electricity from renewable energy in the form of Feed-in Tariff for the years 2022-2030 for the group without fuel costs. Contracted capacity up to 90 MW includes Solar Ground-mounted, Ground-mounted Solar combined with Energy Storage (Solar+BESS), Wind and Biogas. (Wastewater/Waste) The purchase of electricity will be undertaken by means of a selection criteria that considers the availability of prices, properties and techniques together.

BCPG has set a five-year investment budget of 95 billion baht. In 2022, the company has set an investment budget of 30,000 million baht for expanding power plants abroad, emphasizing mergers and acquisitions (M&A), as well as accelerating power transmission lines and projects. A substation from Laos PDR to Vietnam for the transmission of electricity generated from the Nam San 3A and Nam San 3B hydroelectric power projects owned by the Company and the renewable energy power plant projects nearby in Sor. Lao PDR to sell electricity to EVN with high demand for electricity, causing BCPG to recognize revenue from the service fee for using the electricity distribution system (Wheeling Charge) from power plants that need to use the transmission line service.

In 2022, the Company will recognize revenue from several new commercial power plants (COD) such as Yabuki and Komagane solar power plants in Japan with a capacity of 45 megawatts. Solar power in the Republic of China (Taiwan) with a capacity of 25 megawatts and a solar power project installed on the roof of Chiang Mai University with a capacity of 4.9


megawatts

. Biofuels in Thailand and has introduced advanced biotechnology to develop into high-value bio-products. By collaborating with Manus Bio Inc., the world leader in biotechnology such as sweeteners. that tastes like sugar by setting up a joint venture company WIN Ingredients and planning to set up a SynBio factory to produce Multi-Products The first in Southeast Asia

Kittipong Limsuwanroj Chief Executive Officer and President of BBGI Public Company Limited said that the company is currently negotiating with foreign partners to jointly invest in setting up a CDMO plant with fermentation tanks. Using microorganisms to produce bio-products with synthetic biology technology, or “SynBio”, is a New S-Curve business that addresses health care needs such as plant based. It is expected to see clarity in the near future

. Bio-transformers Currently, Bangchak Biofuel (BBF), a subsidiary of BBGI, together with partners including SCG Chemicals Public Company Limited (SCGC) and QTC Energy Public Company Limited ( QTC) studied the project for development and production of bio-transformer oil or Bio Transformer Oil, found that the results of the study have progressed well. It is expected to be finalized within this year. and commercial production in 2023

This bio-transformer oil production project uses palm oil and by-products as raw materials. Which is a raw material from agricultural products to create added value economically and environmentally friendly with green innovations It is a project that will increase product diversification and create value-added Oleochemical products from the biodiesel business. and BBF's pure glycerin, in line with the government's BCG (Bio-Circular-Green Economy) economic policy, is an important step for the bioenergy business

. carefully taking into account the risks from the impact of the upcoming recession including the spread of COVID-19

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