Asia Green Energy shifts to biomassListen to this articleThe coal business operated by Asia Green Energy.
SET-listed Asia Green Energy, a local bituminous trader and logistics service provider, is restructuring its business by focusing more on the green segment, following its new biomass acquisition.
The company is buying an additional 292.1 million shares in Asia Biomass Plc (ABM), a manufacturer of biomass-derived fuels, for 380 million baht, said Panita Kuansataporn, deputy managing director of Asia Green Energy.
Asia Green Energy will give ABM shares in two of its companies: a 24% share in QTC Energy Plc and a 100% share in Green RDF Co.
Asia Green Energy has also diversified into other businesses, including taxi services from Suvarnabhumi airport and electric vehicle (EV) leasing.