An employee at SCCC manages industrial waste for recycling.
Insee Ecocycle Co plans to increase its industrial waste management capacity by 25% next year, up from 300,000 tonnes at present, says the company's chief executive Vincent Aloysius.
The company is a subsidiary of Siam City Cement Plc (SCCC), Thailand's second-biggest cement maker.
Insee has two waste management facilities in Saraburi and Chon Buri. All of the industrial waste is converted into refuse derived fuel (RDF), which is used to generate heat while producing cement.
"The company sees strong growth potential for its waste management business as investment in industries has been growing every year, creating more waste for the company to process. We aim for both industrial waste and community waste that can be produced as RDF to fuel our cement business," he said.
With rising investment in industries, Mr Aloysius said he expects Thailand to produce around 3 million tonnes of industrial waste a year.
"And with the rising quantity of waste, we see a rising trend in our waste management business as well," said Mr Aloysius.
He added the company is exploring new technologies and technical solutions to serve demand for waste management as well as seeking partners that would help improve operations.
He said increased waste was primarily sent to produce RDF as feed for its own cement operations and the company has no plans at this stage to build an RDF power plant.
Apart from waste management and producing RDF, Insee Ecocycle also offers waste management and recycling services to other industries.
He said the company started its waste management business around 15 years ago, investing up to one billion baht in developing and improving technology to handle increased quantities of industrial waste.
Recently, it launched a specialist chemical cleaning service to be provided for petrochemical and chemical companies in Thailand and neighbouring countries, said Mr Aloysius.
Insee Ecocycle has two core businesses: waste management, which accounts for 70% of total revenue and its industrial cleaning business, which generates around 30%.
Regarding developments for the parent company, SCCC posted a smaller profit in the first nine months of this year due to higher financing costs, spending on acquisitions and annual shutdowns.
The company had net sales of 24.8 billion baht from January to September, up 5% from 23.7 billion in the same period of last year. Net profit has dropped by 16% from 3.6 billion baht to 3.0 billion baht in the first nine months.
SCCC shares closed yesterday on the Stock Exchange of Thailand at 269 baht, unchanged, in trade worth 23.9 million baht.
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