Due to energy crisis that causes oil price to fluctuate and lacking its own energy resource, Thai government, like many countries, supports the production of ethanol from agricultural products for domestic consumption, praising it as ‘harvestable fuel.’
In 2006, Sui Heng Lee Group, an agricultural product export company, has established Sapthip Co., to produce ethanol from cassava and petroleum as alternative fuel in respond to the government’s policy at the time. It aims to increase economic advantages and energy stability and to provide farmers a new channel to sell their products.
In 2010, Sapthip has shared investment with Thai Ethanol, a company under Thai Oil Public Company, to boost business strength.
In 2018, Sapthip Green Energy Co., Ltd. has been established to produce electricity from biogas.