Bangkok, The Fuel Fund Office (NFC) collects information on biofuels, both biodiesel and ethanol. from entrepreneurs and farmers in adapting Support after reducing compensation payments According to the Oil Fund Law After extending the time to pay compensation, the first round will end on 24 Sep. 2024.

Mr. Wisak Wattanasap, Director of the NBTC, revealed that the NBTC is currently studying and collecting data related to fuels containing biofuels, both biodiesel and ethanol, in developing biofuels. into the production of a variety of other products This is to prepare for adapting to the situation if compensation for fuels containing biofuels must eventually be cancelled, in accordance with the Fuel Fund Act 2019, when the information has been collected. When completed, it will be presented to the meeting of the Fuel Fund Management Committee (FDA), the National Energy Policy Committee (NEPC), and the Cabinet (Cabinet) before the extension of the compensation payment period ends. for fuel containing biofuels,
which will expire on September 24, 2024.

This is due to the meeting The Cabinet on 20 September 2022 approved the resolution of the NEPC meeting on extending the period for making compensation payments for fuel containing biofuels for another 2 years, until 24 September 2024, in accordance with The Fuel Fund Act 2019 has a transitional provision stating that since the law comes into effect Compensation payments for fuels containing biofuels that were previously implemented will continue for another 3 years from the date this Act comes into force, with compensation payments gradually reduced every 1 year. But if it is necessary to extend the time, the NEPC will propose to the Cabinet to extend the time period no more than 2 times, not more than 2 years each.

Source: Thai News Agency