ENERGY
UAC confident about CNG sales to PTT
- Published: 21 Mar 2013 at 00.00
- Newspaper section: Business
MAI-listed Universal Adsorbents & Chemicals Plc (UAC) expects its revenue to rise 10-15% in the first quarter and 20-30% for 2013 on higher petrochemical product sales and increasing revenue contributions from alternative energy.
Chief executive Kitti Jivacate said the company would start supplying compressed natural gas (CNG) to energy conglomerate PTT Plc in May, realising revenue of 120-150 million baht this year from the project.
UAC expects to book 300-350 million baht from CNG sales starting from 2014.
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