PTT Plc takes the lead in sponsoring the 2nd Asia-Oceania Algae Innovation Summit (AOAIS 2002) in Bangkok next year, in line with its policy to support oil extraction from algae and to reduce fossil fuel consumption.
The conference, during Sept 3-5, 2012, wins support from "Think Algae", an algae research network that covers PTT, PTT Research Institute, Thailand Institute of Scientific and Technological Research, Chulalongkorn University, Mahidol Universit, King Mongkut’s Institute of Technology Thonburi, Petroleum Institute of Thailand, and National Centre for Genetic Engineering and Biotechnology.
PTT President and CEO Pailin Chuchottaworn said that the company has extended full support to the project to commercialise algae oil extraction. The company has contributed over Bt50 million to the project and prepared another Bt150 million.
"The network would be expanded, as PTT is committed to promote the innovative alternative energy. Thanks to Thailand’s geographical area, algae can grow well all year round under the appropriate temperature and light," he said.
He noted that the search for environmental-friendly energy and attempts to reduce global warming has been increasingly challenging, in light of the climate change.
Rattanawalee In-ochanont, an R&D chief of PTT Research Institute, added that algae research has been continuing in several countries particularly those in North America and Europe. In the first AOAIS in Japan, public and private research institutions have been enlisted.
The second conference will welcome researchers from parts of the world, who will unveil the updated knowledge and technology. It expects to welcome about 500 participants from 25 countries.
"This will be the stage where Thailand can demonstrate its potential in the international level. This also presents a good opportunity for knowledge and technology exchange as well as the extended cooperation for advanced algae technology and high-value environmental-friendly products, to cope with the energy crisis and global warming," Pailin concluded.
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