Bangchak ready to buy state’s rotten rice

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BANGKOK, Aug 5 — Bangchak Petroleum Plc will buy rotten rice from Thailand’s state rice programme on the condition that the government stops the sale of 95-octane petrol to increase the demand for ethanol.

Vichien Usanachote, Bangchak president, said that the company is ready to buy rotten rice and its price would depend on its flour content.

However, he commented that the rice purchase would negatively affect cassava growers as ethanol production would depend less on cassava.

To protect the interest, the National Council for Peace and Order should stop the sales of 95-octane petrol to increase ethanol demands, Mr Vichien suggested.

He said the stoppage would not affect motorists because all vehicles could be fueled with gasohol.

Local ethanol demands stand only at about 2.87 million litres per day.