BANGKOK: Thailand’s state-controlled PTT Pcl, the country’s largest company by market value, has invested in a venture to make plant-based protein, including so-called faux meat, as part of its objective to become less dependent on fossil-fuel businesses.
The oil-and-gas giant formed a 300 million baht (US$9.6mil or RM39.63mil) partnership with NR Instant Produce Pcl, which specialises in making protein from jackfruit, with commercial operations scheduled to start by the end of 2022.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!