Mitr Phol Sugar Corp. is going to provide Spiber (Thailand) Ltd. with molasses for bioprotein production at clothes, medical and automobile industries. The raw materials will be produced by one of the biggest factories of the world. Expected for completion this year with investment budget of over 1.9 million Thai Baht at Eastern Seaboard Industrial Estate in Rayong, the new factory can capacitate local sugar market in Thailand where sugar is ranked one of the number one products of the world.
A co-founder of Spiber (Thailand) Ltd. Mr. Yasuhiko Yukiyoshi, which is a Japanese startup company, informed to a source of Prachachat Business newspaper that, upon a meeting with the Deputy Prime Minister of Thailand Mr. Somkid Jatusripitak who visited Japan last year, the company decided to establish a biotech company to produce bioprotein or protein powder made of fermented molasses. Located in Eastern Seaboard Industrial Estate in Rayong, this factory is considered the biggest protein powder manufacturing one in the world as, currently, Japan, the US and Germany are making the product. Spiber (Thailand) Ltd. Has more production capacity than the US and Germany, apart from holding 200 worldwide patents for molasses-based products.
“The present industry under investment concerns protein production from sugar digesting microbes. As Thailand is a country producing a lot of sugar in the world, we are confident that raw materials for the production will be sufficient. At the same time, many supply chains in Thailand are available in terms of textiles, clothes and automobile, so, when products are ready, there will be markets for them. Besides, we strongly believe in investment promotion of Thailand upon the meeting with the Deputy Prime Minister of Thailand last year,” explained Mr. Yukiyoshi.
Mr. Yukiyoshi added that the said investment had been approved by the Board of Investment (BOI) since last year, particularly, 10-year corporate tax reduction and tax exemption on machine import. At present, Spiber (Thailand) Ltd. is beginning the factory’s construction of which the progress is around 20-30%. It is expected that the construction will be finished and all the machines will undergo a trial run in the middle of 2020. Operation for commercial purposes will start in 2021. For the first phase, over a hundred tons of protein powder are expected to be manufactured before being sent to the headquarters in Japan for marketing campaigns.
Regarding molasses as a raw material for production, no more than 5,000 tons will be used. Now, a discussion with Mitr Phol Corp. is taking place as it is a major sugar manufacturer in Thailand. “The protein powder can serve as a raw material for fiber production to replace petrochemically-based polyester. The said fiber can be used for production of various clothes, namely a suit for astronauts. Currently, Spiber (Thailand) Ltd. is selling the suit to JAXA, a space organization of Japan. Besides, the fiber is an ingredient for car tyre production as it increases flexibility and road adhesion. The company is selling the product to Bridgestone Co. Ltd. in addition to manufacturers of medical equipment,” addressed Mr. Yukiyoshi.
The industry of Spiber (Thailand) Ltd. can add more values of agricultural raw materials of Thailand because the present price of protein powder is around 3,000 Thai Baht per ton. Also, its production encourages local employer in Thailand because the company is recruiting staff of different positions, such as factory engineers, human resources staff, administrators and accountants, added Mr. Yukiyoshi.
A source of Spiber Inc. in Japan said that the company was advanced in biotechnology of the world and owned over 200 patents for products in this area. Materials produced by the company are normally biodegradable, environmentally-friendly and less dependable on traditional petroleum resources. The company’s products can be used by various kinds of industries, such as textiles, automobile, medical equipment among others. The BOI’s approval to launch a factory in Thailand enables Spiber (Thailand) Ltd. to achieve its business goal and develop innovations on fiber production for the next generations, thus solving environmental problems of the world and creating sustainable and peaceful world community in the future.
Launching a factory in Thailand is regarded as the big and the first investment of Spiber (Thailand) Ltd. The major factor under consideration is that Thailand has a lot of biomass resources in terms of agriculture like molasses. At the same time, the country is an important production base of automobile, textile and health industries, all of which are also Spiber’s focus.
As a result, bioprotein produced by Spiber (Thailand) Ltd. can serve different kinds of industries, particularly automobile parts, car tyres and medical equipment, as it is safe even in humans’ body and can be used as an ingredient for fiber production in textile industries. Currently, the company is collaborating with Northface to improve warm, light and soft apparels. It also worked with Yuima Nakazato, a famous Japanese designer, on using its bioprotein for the latest collection presented at the Paris Fashion Week at the end of 2019.