(Main image caption: Business delegation group photo at Chonburi Clean Energy Co., Ltd. — where innovation meets implementation in Thailand’s clean energy ecosystem.)
The ASEAN–Japan Centre, in cooperation with the Thailand Board of Investment (BOI), Tokyo Office, organized a Thailand Mission on Bio-Circular-Green (BCG) Industrial Sectors from 16 to 19 February 2026. The mission was designed to strengthen ASEAN–Japan economic cooperation by providing Japanese companies with direct exposure to Thailand’s sustainability-driven industrial transformation and investment environment.
The four-day programme covered Bangkok and key provinces within the Eastern Economic Corridor (EEC), including Rayong, Chonburi, and Chachoengsao. Through policy briefings, innovation platform visits, and industrial site engagements, participants gained structured insights into Thailand’s bioeconomy, circular economy, renewable energy, and electric vehicle (EV) sectors, as well as the institutional framework supporting long-term sustainable investment.
Day 1: Policy Direction and Investment Framework in Bangkok
The delegation commenced in Bangkok with institutional engagement at the JETRO Bangkok Office. At JETRO Bangkok, discussions focused on institutional channels through which Japanese companies may access market intelligence, partnership networks, and regulatory guidance in Thailand.
The delegation also visited Labactive Co., Ltd., which demonstrated applied biotechnology collaboration through a microalgae cultivation initiative developed in partnership with Japanese technology stakeholders. The engagement highlighted Thailand’s efforts to localize research-driven innovation while integrating foreign technological expertise into domestic production value chains under its broader bioeconomy framework.
At BOI headquarters in OneBangkok, senior officials presented Thailand’s BCG Economic Model, outlining updated investment promotion measures, sector-specific incentives, and strategic priority industries. The briefing emphasized policy integration across bioeconomy, circular economy, and green industries, supported by fiscal incentives and non-fiscal facilitation measures. A tour of the Thailand Investment and Expat Services Center (TIESC) further demonstrated the government’s coordinated administrative framework to streamline foreign investment procedures.
Day 2: Innovation Infrastructure and Industrial Collaboration in the Eastern Economic Corridor
On the second day, the delegation traveled to the Eastern Economic Corridor (EEC) to examine Thailand’s innovation infrastructure and its linkage to industrial deployment. At the Eastern Economic Corridor of Innovation (EECi), participants received a comprehensive briefing on the role of the innovation zone in connecting research institutions, global partners, and industrial tenants. The visit to EECi BIOPOLIS and the biorefinery pilot platform highlighted collaborative research initiatives in biotechnology and bio-based industrial applications, including partnerships involving international stakeholders.
Engagement with industrial tenants, including Sumitomo Heavy Industries (Thailand) Ltd., and the Wang Chan Valley, a flagship project driven by PTT Public Company Limited (PTT), demonstrated how multinational enterprises are embedded within Thailand’s innovation ecosystem and further showcased integrated smart infrastructure supporting advanced industrial clusters.
Day 3: Industrial Application in Circular Economy and Electric Mobility
The third day focused on operational industrial sites in Chonburi and Chachoengsao, showcasing large-scale application of BCG principles. At Chonburi Clean Energy Co., Ltd., the delegation observed a waste-to-energy facility operating within an industrial estate in the EEC. The project illustrated Thailand’s approach to industrial waste management and circular resource utilization as part of its decarbonization strategy.
The delegation also visited Absolute Assembly Co., Ltd., a subsidiary of Energy Absolute Public Company Limited. The site visit provided insight into Thailand’s vertically integrated electric vehicle (EV) ecosystem, including lithium-ion battery production and commercial EV assembly. The facility demonstrated the development of a domestic supply chain supporting Thailand’s position as a regional EV manufacturing hub. These engagements enabled participants to observe the practical deployment of sustainability-oriented policies through operational industrial systems and integrated supply chains.
Day 4: Green Growth and Sustainable Aviation Fuel Pathways
The final site visit concluded the delegation’s exposure to Thailand’s broader green growth strategy, particularly in low-carbon energy innovation. The delegation visited Bangchak Sustainable Aviation Fuel Group (BSGF), a joint venture under Bangchak Group, which is advancing Thailand’s production and distribution of Sustainable Aviation Fuel (SAF).
The visit provided insights into Thailand’s strategic investment in SAF as part of its decarbonization roadmap and bioeconomy agenda. Participants observed how integrated refinery infrastructure, technological partnerships, and policy alignment are supporting the development of a domestic SAF value chain. Through this engagement, the delegation gained a deeper understanding of Thailand’s efforts to position itself as a regional hub for low-carbon energy solutions, including aviation sector decarbonization.
Keys Takeaways
▪ Thailand’s BCG Economic Model provides Japanese companies with a predictable and incentive-driven investment environment, supported by coordinated government facilitation mechanisms.
▪ EEC provides Japanese business with an integrated platform that connects research institutions, industrial estates, logistics infrastructure, and incentive schemes. This ecosystem enables smoother transition from technology collaboration to commercial-scale production.
▪ Existing projects in biotechnology and clean energy demonstrate that Japan–Thailand collaboration is already operational, particularly in areas such as bio-based innovation, industrial equipment, and environmental technologies. These cases provide practical reference models for new entrants.
▪ The mission highlighted strong complementarities: Japan’s technological strength and industrial know-how align with Thailand’s policy-driven transformation and expanding manufacturing base under the BCG framework.
To view the full programme, click here.
List of Participating Companies
The delegation comprised representatives from Japanese companies engaged in bioeconomy, green chemicals, biotechnology, sustainable materials, and advanced industrial development:
- Spacewasp Co., Ltd.
- Superworm Co., Ltd.
- Zeon Corporation
- Towing Co., Ltd.
- TJ Group Holdings Co., Ltd.
- Algal Bio Co., Ltd.
- naturenix inc.
