GULF Expands into Industrial Waste Management with 400 Million Baht Acquisition
Gulf Energy Development has acquired West Absolute (WAC) for 400 million baht to bolster its waste-to-energy operations.
On October 30, 2026, Gulf Energy Development (GULF) announced that its wholly-owned subsidiary, Gulf Waste to Energy Holdings (GWTE), completed the acquisition of West Absolute (WAC). The transaction, valued at approximately 400 million baht, grants GULF full ownership of the company. WAC specializes in industrial waste management, including fuel production and ash disposal services. This strategic move is designed to support GULF’s portfolio of 12 waste-to-energy power plant projects, which have a combined capacity of 96 megawatts. By integrating WAC, GULF aims to create a more comprehensive and efficient waste management supply chain for its energy operations. For residents and travelers in Thailand, this development highlights the ongoing expansion of the country's renewable energy infrastructure and industrial waste processing capabilities. While the acquisition is finalized, further details regarding the operational integration of WAC into GULF’s existing power plants and the specific timeline for scaling these waste-to-energy projects remain to be confirmed. The company reported this acquisition to the Stock Exchange of Thailand as part of its ongoing business development strategy.
