Supply and demand analysis of biofuel markets in Thailand and the Philippines | |
| Author | Kiddakron Thavong |
| Call Number | AIT RSPR no.ET-16-02 |
| Subject(s) | Biomass energy--Thailand Biomass energy--Philippines Biomass energy industries--Forecasting |
| Note | A research submitted in partial fulfillment of the requirements for the degree of Master of Business Administration in Energy Business |
| Publisher | Asian Institute of Technology |
| Series Statement | |
| Abstract | First generation biofuel has been commercialized in transportation sector in Thailand and the Philippines for about a decade. The initiation of biofuel utilization was from government policy. This study aimed to identify long-term factors that influence over the supply and demand of first generation liquid biofuel (bioethanol and biodiesel) markets.This study developed assumption model to find relationship of biofuels demand and supply and the hypothesized independent variables.The theoretical models was estimated by Seemingly Unrelated Regression (SUR) using quarterly data from 2007 to 2015 in Thailand and 2007 to 2014 in the Philippines. The result show that Thailand’s ethanol market was affected by price of gasoline and gasohol. However, ethanol market of the Philippines was inelastic to gasoline price. Number of vehicle was a common factor that influenced bioethanol and biodiesel demand in both countries. GDP was found to be closely linked to bioethanol and biodiesel market. Price of biodiesel has influence to biodiesel market in those two counties except Thailand ’biodiesel demand. Price of feedstock shown the relationship to ethanol demand of Thailand, ethanol supply of the Philippines and biodiesel demand in both countries. The findings show significant meaning to policy implication in those countries. It is suggested that to increase ethanol demand, Thailand should maintain the pricing strategy of ethanol products along with policies to increase number of flexible fuel vehicle. In contrast, the Philippines should focus on feedstock policy on supply side for ethanol market. For biodiesel market, it is suggested that the Philippines should contain biodiesel price as it has negative elasticity to biodiesel demand and supply. In Thailand, cost reduction policyshould be implemented to reduce cost of b100 production. |
| Year | 2016 |
| Corresponding Series Added Entry | |
| Type | Research Study Project Report (RSPR) |
| School | School of Environment, Resources, and Development (SERD) |
| Department | Department of Energy and Climate Change (Former title: Department of Energy, Environment, and Climate Change (DEECC)) |
| Academic Program/FoS | Energy Technology (ET) |
| Chairperson(s) | Dhakal, Shobhakar |
| Examination Committee(s) | Salam, P. Abdul;Badir, Yuosre |
| Scholarship Donor(s) | Royal Thai Government Fellowship |
| Degree | Research report (M. Eng.) - Asian Institute of Technology, 2016 |