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Hylife Group invests $11 million in first sustainable factory to earn carbon credits

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Hylife to establish its first sustainable factory for Hylife Global Foods. (Photo: Hylife Global Foods)

Hylife Group in Thailand is making a strong push to reduce carbon emissions with a major investment of over 400 million THB (about 11.6 million USD) to establish its first sustainable factory for Hylife Global Foods.

The factory aims to meet international standards and is set to reduce carbon emissions through rooftop solar power, with plans to earn carbon credits. This initiative positions the company as a role model for other industry players and is part of its strategy to build a strong brand in the international market.

Hylife’s first sustainable food processing plant

Headquartered in Chiang Mai, Hylife Group began as a real estate developer and quickly expanded into asset management and manufacturing in just six years. In 2022, the group entered the food processing industry and currently sells fresh produce, processed foods, and snacks under the Funco and Fresh Co brands. The first food processing plant under Hylife Global Foods is expected to begin operations in December.

The plant will have a rooftop solar installation with a capacity of 999 kW, expected to save approximately 1 million USD in electricity costs over 20 years. It aims to reduce carbon emissions by 1,000-1,200 tons annually.

If successful, the plant could obtain carbon credits, setting a precedent for the local food processing industry. Additionally, the factory will conduct product carbon footprint assessments and operational carbon emission surveys to pave the way for carbon neutrality.

The new facility will also use an advanced wastewater treatment system combined with biogas power generation, producing 500 kWh of electricity daily. The treated water will be reused for agricultural purposes, supporting sustainable farming development. The factory plans to recycle or repurpose by-products from its manufacturing process and is committed to environmentally friendly packaging and a zero-waste policy.

Hylife Global Foods focuses on local ingredients, implements numerous carbon reduction measures in new factory. (Photo: Hylife Global Foods)

Hylife adopts ESG strategies to balance environment, social development.

Bundit Jumras, CEO of Hylife Global Foods, stated, "We aim to use local raw materials and labor, while promoting circular economy practices through farmer training and agricultural certification, thereby strengthening social resilience."

Hylife emphasized that in recent years, its contract manufacturing has relied on local ingredients, such as sourcing an average of 2,000 tons of mangoes monthly. The mango products produced for Costco have a monthly sales volume of up to 200 tons in the U.S. market.

Regarding target markets, Hylife aims for a balanced domestic and international market share, with domestic sales accounting for 30%-40% and overseas sales 60%-70%. Initially, the products will be launched in Thai supermarkets and convenience stores, with plans to expand into overseas markets, focusing on the U.S., Middle East, and Japan. In the following year, the company intends to enter the European, Russian, and Chinese markets.

Source: Bangkok Post(1)(2)Hylife Group

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