LanzaTech, a company founded in New Zealand, has developed technologies that convert waste gases into fuels and chemicals enabling low-carbon fuel and chemical production without impacting food or land resources. At a talk at the New Zealand Embassy about investment opportunities in Thailand for New Zealand businesses, it was also announced that to be visiting Thailand soon are Pertronic Industries Ltd which provides advanced fire detection capability including “FireMap” graphic display software and Aquaflow Bionomic Corporation, who removes algae from municipal waste water and natural waste waterways, and use it to create biofuels while restoring water quality.
Joining the media event were representatives from leading New Zealand companies specialising in green technologies and innovations.
“New Zealand is committed to working together with Thailand to explore investment flows in both directions. We see opportunities to expand together here in Asia, as well as helping Thai companies to expand offshore – particularly in the food and energy space,” said Karen Campbell, New Zealand Trade Commissioner to Thailand.
Thailand is New Zealand’s fastest growing export market in South East Asia. Last year exports from New Zealand to Thailand totalled NZD$729.54 million – an increase of nearly 25 per cent.
“New Zealand and Thailand recognise the importance of two-way foreign investment to enhance competitiveness and help businesses grow internationally,” said Benny Goodman, Investment Manager for New Zealand Trade and Enterprise.
According to the trade body, Thailand is an exciting place to do business due to market size and position as a business hub in Asia. It also offers a growing market in green technology, health information technology and high value manufacturing – all areas in which New Zealand companies excel at.