Waste2Tricity opens Thailand office

Waste2Tricity (W2T) has announced fresh international expansion with the launch of its wholly owned subsidiary Waste2Tricity International (Thailand) Ltd; and the opening of its offices in the Rajchathewi district of Bangkok.

W2T hopes to take advantage of the subsidies that exist in the Thai region and the natural opportunities that exist in its expanding economy that has inherent issues with waste management and a shortage of power.

W2T is currently in the process of raising pre-IPO funding of up to à‚£1 million with the intention of an AIM listing later in 2013; subject to market conditions.

Peter Jones, Chairman of W2T says, “Thailand presents an excellent opportunity for the immediate deployment of the Alter NRG technology. This will be in conjunction with conventional power island technologies similar to the Air Products Tees Valley programme, which is currently being built in the UK. We liken the opportunities for development of this technology in the Thai market, as being at least on a par with the UK market.

à‚ With the future prospect of the AFC Energy fuel cell technology achieving commercial roll out by 2016, the prospects for investors in Waste2Tricity are very exciting.”

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