State Petroleum Of Thailand (PPT) Recently Invested 300m Baht in A Company That Produces Plant-based Proteins

Thailand’s largest conglomerate Thai National Petroleum (PTT) recently invested in a plant-based protein company to reduce its dependence on fossil fuels.

The company invested 300 million baht (approximately US$9.6 million) and NR Instant Produce to form a joint venture company to extract protein from spinach fruit. It plans to start commercial operations by the end of 2022. PTT said that non-traditional businesses will account for one-fifth of PTT revenue within 10 years.