Mr. Ho Ren Hua, Chief Executive Officer and director along with Mr. Umnad Sukprasongphol, Managing Director of Starch Business, Thai Wah Public Company Limited (TWPC) signed a memorandum of understanding (MoU) on the Bioeconomy Development Project under the concept of Pracharath collaboration in order to develop an industrial cluster for New S-Curve Industries led by Ministry of Industry, Ministry of Energy, Ministry of Science and Technology and Ministry of Public Health along with private sector 16 organizations and Institution of Education and Research 3 organizations. The project will begin with advanced development of pilot cassava plant as economically viable crops available to convert to be high value-added bioproducts (Biorefinery) and establish a new city founded in bioeconomic principles and integrated innovation with modern telecommunication systems (Biopolis). Deputy Prime Minister Somkid Jatusripitak preseided over the signing ceremony as the Chairman of Pracharath collaboration steering committee.