Circa Group AS and National Power Supply Public Company Limited (NPS) have signed a Memorandum of Understanding (MoU) for the evaluation of sites for Circa's next stage FC6 plant. FC6 will produce approximately 12,000 tonnes of green solvent CyreneTM and platform chemical levoglucosenone (LGO). National Power Supply Public Company Limited (NPS) is a Thai producer and a leader in renewable energy.

NPS has sites in France in Alizay and in Thailand at the 304 Industrial Park in Prachinburi. Both of these sites would be suitable for Circa's future FC6 plant as both sites have large-scale biomass-to-energy plants on site as well as access to biomass feedstock and other utilities. Circa uses sustainable biomass, e.g. sawdust, to produce its green solvent CyreneTM.

Alizay in France is the site of NPS's BEA (Biomasse Energie d' Alizay) power plant. The 304 Industrial Park in Prachinburi, Thailand, is home to NPS associate Double A group, a renowned pulp and paper and renewables company. Lenzing have recently opened their larger production facility and bioethanol production facilities on the site.

NPS are also building Thailand's larger floating solar on reservoir, the company's biggest reservoir system in Thailand. The MoU will allow detailed work on site suitability, feedstock and operational costs and access to local support as part of Circa's process to develop a final investment decision for the Board by late 2024.