Atlas EnergyNews · 2025-05-07 10:27

Atlas Energy Public Company Limited prepares for its initial public offering (IPO) of 41.842 million shares on the Stock Exchange of Thailand after SEC approval.

Atlas Energy Public Company Limited (FUEL), a major Thai producer of Refuse Derived Fuel (RDF), is set to offer 41.842 million shares in its initial public offering on the Stock Exchange of Thailand. The Securities and Exchange Commission has already approved its filing, with listing expected in 2024.

This IPO aims to strengthen the company's financial position and expand its business to meet the growing demand for RDF energy. The move supports sustainable waste management and clean energy production in Thailand.

Fast Facts

·Company: Atlas Energy Public Company Limited (FUEL)
·Business: Refuse Derived Fuel (RDF) production and sales
·IPO shares offered: 41.842 million
·IPO share percentage: 29.20% of post-IPO shares
·Listing exchange: Stock Exchange of Thailand (SET)
·Expected listing year: 2024
·Current RDF production capacity: 150,000 tons/year
·Current biomass power capacity: 9.9 MW
·Future RDF capacity target: 300,000 tons/year
·Future power capacity target: 20 MW

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People Mentioned

Phuwarin Wongsathitporn

CEO at Atlas Energy Public Company Limited

Source

Atlas Energy Public Company Limited prepares for its initial public offering (IPO) of 41.842 million shares on the Stock Exchange of Thailand after SEC approval.