Universal Adsorbents to list on Thailands MAI

Universal Adsorbents & Chemicals PCL (UAC), an energy and alternative energy operator, will list on Thailand’s Market for Alternative Investment (MAI) on October 11, after raising total funds of 120 million baht (US$4 million). The company is the fourth company to list on MAI this year, said MAI President Chanitr Charnchainarong. UAC imports and distributes chemicals and equipment used in natural gas exploration and production, gas separation, oil refining, petrochemical production and engine oil production. The company expanded into the alternative energy sector and joined hands with Bangchak Petroleum PCL in establishing Bangchak Biofuel Co. Ltd. to produce and distribute biodiesel. (October 8, 2010)