Japan looks to Thailand for bioethanol that doesn't fuel food insecurity

TOKYO -- Asia's first plant to mass-produce biofuel that does not reduce food stocks will be built in Thailand, according to Japanese trading house Sumitomo Corp., which will back the project along with a local company.

Sumitomo has signed a memorandum of understanding for the project with Global Green Chemicals, a subsidiary of Thai petrochemical group PTT Global Chemical.