Examples of go green businesses that the bank supports
“Turn Chicken Dung into Fortune” by KING EGGS (THAILAND) Co. Ltd
King Eggs (THAILAND) Co. Ltd, a large and renowned chicken egg farming company. Its effort to turn a community crisis generated by chicken dung into millions each month. The pain point was a large amount of chicken dung from egg-laying chickens which couldn’t be disposed of fast enough, causing unpleasant odour which disturbs the people in its vicinity. To resolve these issues sustainably, the company sought funding from Krungthai Bank by taking out loans under the Environment Loans for Private Sector program to build an organic fertilizer production line that turns chicken manure into high quality organic fertilizer. The finished product would be deodorized and safe for the environment. After building the fertilizer production facility with financial support from the bank, Kings Eggs can produce over 500 tons of organic fertilizer per month from chicken manure, earning the company over 5 million Baht income each month, showing that sustainable idea does not only minimize the pollution caused by chicken dung and its effect on the environment, but also generates more income for the company based on its existing business line. The company can now grow on the basis of sustainable co-existence with the communities and the environment.
Thai Roong Ruang Energy Co., Ltd.,
Another example is Thai Roong Ruang Energy Co., Ltd., a subsidiary of TRR Sugar Group, located in Wang Muang District, Saraburi. Molasses is a byproduct of sugar refining, which is usually sold by the sugar manufacturers at low price as it is usually processed into liquor or animal food. Thai Roong Ruang Energy is aware that molasses can have much more value than that so it was looking for ways to generate more income from molasses which means more income and better quality of life for sugarcane farmers who supply sugarcane to the company and receive 70% of the sales of molasses.This is part of the company’s effort to grow its business while considering social responsibility, which is in alignment with Krungthai Bank’s principles. Therefore, we support the company by providing a loan for it to develop processes and facilities to produce biogas from molasses. The biogas can then be used for producing steam and electricity which are alternative energy sources that can be used in its facilities. Moreover, the production of biogas from molasses has made the price of molasses higher, meaning that the farmers who supply sugarcanes will also receive more money for the molasses. The farmers earn more income and, as a result, have a better quality of life.
Environmental issues have become a priority nowadays because of their far-reaching effects. Krungthai Bank is well aware of the importance of the environment so we set up the Krungthai Environment Loans for Private Sector to encourage the private sector to develop effective pollution control systems to reduce the effect on the environment and communities.