EXIM Thailand Explores MILLCON’s
EXIM Thailand Explores MILLCON’s Scrap Metal Recycling Business Model for High-Calorific SRF Production in EEC
Dr. Pasu Loharjun, Chairman of the Board of Directors, Export-Import Bank of Thailand (EXIM Thailand), together with Mr. Suwat Kamolpanus, Chairman of the Board of Executive Directors, EXIM Thailand, and Dr. Rak Vorrakitpokatorn, President of EXIM Thailand, led the EXIM Thailand executives on a visit to Wastech Exponential Co., Ltd. (WASTECH), a subsidiary of Millcon Steel Plc. (MILLCON), with an aim to observe the production of high-calorific Solid Recovered Fuel (SRF) intended for use within the Eastern Economic Corridor (EEC) in Rayong province on August 8, 2023. The EEC is a targeted investment zone focused on waste-to-value management and industrial waste utilization.
The EXIM Thailand delegation was warmly welcomed by Mr. Sittichai Leeswadtrakul, Founder of MILLCON Group, Mr. Chak Boon-Long, Chairman of WASTECH, and Mr. Tawan Boonyawat, Chief Executive Officer of WASTECH. The facility showcased its capability to recycle over 130,000 tons of car scrap annually, highlighting its significant contribution to the circular economy.
EXIM Thailand actively supports the development and business endeavors of Thai entrepreneurs, prioritizing environmental, social, and governance (ESG) considerations. Companies like MILLCON, a leading steel producer in Thailand, prioritize circular economic practices and seek to advance their commitment to ESG-oriented businesses. Concurrently, EXIM Thailand maintains its dedication to driving the adoption of bio-circular-green economy (BCG Economy) principles, promoting sustainable and green economic practices. As EXIM Thailand aims to become a Green Development Bank, it continues to proactively assist Thai entrepreneurs in implementing sustainable strategies that contribute to long-term competitiveness and overall success.
