The Board of Investment of Thailand (BOI) approved investment promotion criteria for the steel-dust recycling business.

The major factors that the BOI would consider for promotion are as follow:

  1. Technology and environmental management including freight, stocking operations and proper waste disposal
  2. Proposal for incentives and corporate social responsibility activities such as scholarships and community development fund establishment
  3. Raw materials and marketing

However, only two most appropriate steel-dust recycling projects would be promoted by the BOI in order to match with the current local supply of steel dust which currently there are only 100,000 tons generated every year. Thus, if the amount of steel dust increases in the future, the BOI may consider approving more steel-dust recycling plants.

Interested investors shall submit project proposals to the BOI within 30 November 2012. The project proposals should include details related to the criteria and must accept the condition requiring that the raw materials used in their projects must be locally sourced only.

For investors who have already submitted applications, they have to amend their projects in order to comply with the new conditions. Amended proposals must be resubmitted within 30 November 2012.

Contact MSNA, English speaking BOI experts for Thailand BOI promotion, company registration and related business services.