Under the new vision of driving all life with the power of the future (Powering Life with Future Energy and Beyond) to create energy security and support operations to grow into energy in the future and new businesses beyond energy
PTT Public Company Limited has spent more than 30% of the total investment budget. Driving the business in two main areas, Future Energy and Beyond, emphasizing collaboration with local and international partners with expertise. for the business to grow quickly not starting from scratch
Future Energy Group is aiming for a future energy trend that is turning to renewable energy. A total of 12,000 megawatts of renewable energy have been installed for 2030 from the current 2,000 megawatts and energy storage systems. or batteries to stabilize renewable energy. as well as entering the electric vehicle business through the supply chain by establishing Arun Plus Co, Ltd to drive, and also push forward with hydrogen, the future energy to reduce greenhouse gas emissions.
The Beyond group focuses on new businesses beyond energy, including Life Science, Life Sciences (pharmaceuticals, medical devices, life sciences). and healthy food), Mobility and Lifestyle, High value business, which is an extension of Petrochemical, Logistics and Infrastructure business. Developing the country’s transport and infrastructure system, and AI, Robotics, and Digitization. Business using advanced digital technology including intelligent machine manufacturing
by Life Science is the spark of the idea PTT took about 30 media groups to join the flight to the United Kingdom on August 22-28. To open a study tour of innovations and new businesses, a plant-based protein food business or Plants, a new business according to the published vision.
Plant Base is powered by Inobic (Asia) Company Limited, a 100% subsidiary of PTT, together with business partners Nove Foods Public Company Limited, a subsidiary of NR Ins. Tan Produce Public Company Limited or NRF has established a joint venture company “Newtra Regenerated Protein Company Limited” (NRPT) to fully penetrate the plant based food business.
NRPT has recently entered into an agreement with Plant & Bean Company Limited (UK) to establish a joint venture company under the name Plant & Bean Company (Thailand) Investment 51% and Plant & Bean (UK) 49%
New company Plant & Bean (Thailand) plans to build a factory for plant protein products for consumers and food entrepreneurs. in Rojana Industrial Park Phra Nakhon Si Ayutthaya Province in this September The construction target is expected to be completed in the middle of 2023.
Show the potential of Plant & Bean (UK) with decades of experience in the food industry The tour delegation had the opportunity to visit the largest plant center in Europe. in boston An agricultural city that grows vegetables in England.
Even if the weather is not good It rained heavily throughout the trip. but has created a new experience especially to visit the production process as well as taste plant based dishes which are delicious and varied
Plant & Bean’s Plant Base (UK) plant currently has a production capacity of around 10,000 tonnes per annum. In the future, there are plans to expand the production capacity to 15,000 tonnes per annum It can produce plant protein from riverside to down the river. Products are packaged for immediate delivery.
The original Plant & Bean (UK) factory was a meat factory. Later, it was converted into a plant-based protein production factory. Technology has been introduced to help improve the taste, texture and appearance of eating meat. Along with the development of the production process So, it is a plant-based factory with lower quality and price than competitors. making small entrepreneurs and accessible to consumers
James Hurst, CEO of Plant & Bean, UK, said the company’s Plant Base products use soy as feed and are certified GMO-free. including the use of wheat Mushrooms and other beans come as raw material so that the texture is close to the real texture Products produced include meatballs, sausages, nuggets, etc. through contract manufacturing for different brands. together with the development of the use of other raw materials That can be found in England to be used as raw materials as well. to respond to the growing trend of using a plant base for health conscious people and also to help reduce global warming
The CEO of Plant & Bean (UK) told us the reason for choosing Thailand as the second alternative protein production base was that the company originally planned to open new plants in the US and China. As both countries have sources of raw material, NRPT has approached for joint ventures to establish a new Foundation Plant factory in Thailand. The aim is to enter the market in the Asian region from Japan to Australia. It is a good opportunity to expand the market to Asia.
Thailand is also an agricultural country with many crops that can be used as raw materials for plant base production, such as mung beans which have an egg-like texture. Jackfruit and mushrooms have a texture like beef and chicken. Although food processing requires a research and development team to get food that tastes good to consumers.
With the new factory in Thailand, Plant & Bean (UK) will design the factory and implement the plant-based production technology from England. The first phase has a production capacity of 3,000 tons per year, an investment of about 500 million baht, with plans to produce 40-50% of the production capacity for export in Asia. It is expected to support market consumption for approximately 3 years, then there is a plan to expand the production capacity in Phase 2 to increase to 15,000 tonnes per year.
Mr James Hurst also said that NRPT has also partnered with 100% plant based food start-up brand “Wicked Kitchen”, a brand that creates food.
Plant Base, an early brand founded by two professional chefs who are leaders in the plant-based protein diet. Create a delicious and varied menu under
The concept of eating Plant Centers for every meal means that 40% of consumers will come back to eat again.
The tour delegation had the opportunity to visit the kitchen to see Wicked Kitchen’s fresh yet health conscious cooking process.
Wicked Kitchen currently has more than 200 savory and sweet ice cream products (SKUs) sold through its 3,000 Tesco stores, giving Wicked Kitchen the largest market share in the UK.
It is also preparing to launch Wicked Kitchen brand products, a total of 17 items, including frozen food, savory food such as pizza, desserts such as ice cream. Thailand is the first country in Asia in mid-October 2022 through Tops. Supermarkets, a total of 50 branches in the Central Group Then it will expand to the markets of Singapore and Japan. If it receives a good response, there is a plan to produce Wicked Kitchen brand food in Thailand using the production base of the Plant & Bean factory in Ayutthaya.
Attaphol Rerkpiboon, CEO and President of PTT Public Company Limited, said that the trend of the new generation of people who care about their health and love the environment is increasing. As a result, the value of the plant-based protein business in Thailand has grown. green beans and mushrooms Help to increase the value of Thai agricultural products
PTT will provide information through cooperatives and communities in order to obtain quality raw materials. and buy at a reasonable and fair price, just like promoting coffee planting and buying at Cafe Amazon of PTT Oil and Retail Business Public Company Limited or OR
The CEO of PTT also said Currently, the price of Foundation Plant products in Thailand is 30-40% higher than real beef, but he believes that within the next 2-3 years, the price of products Foundation Plants fall to be close to or below the actual beef. Just as it happened in Europe, where high inflation increases the cost of meat by 40-50%, but plant centers only increase by 10-20%.
“If you can make a plant-based protein product, it tastes delicious. The market is growing even more. By 2021, the market value of Foundation Plant products in Thailand is 9,000 million baht, growing 15% per year. I believe that market penetration during this period is appropriate. This makes Thailand a leading exporter of plant protein food in Asia. It also increases the income of Thai farmers in a sustainable way,” said the CEO of PTT.