Shareholding Structure

Thailand’s leader in the oil refining industry, with the production capacity, operating two world-class complex refineries, with a production capacity of nearly 300,000 barrels per day. Bangchak Phra Khanong Refinery in Bangkok, which has added high quality specialty products into its portfolio to produce low emission and high value products, and Bangchak Sriracha, that is strategically located near Laem Chabang deep sea port in Sriracha, Chonburi province.

BCP Trading Pte. Ltd. (BCPT)

Incorporated in Singapore with a registered capital of USD30 million wholly owned, BCPT engages in commodity trading including crude oil, petroleum products, petrochemicals, other chemical products, and other downstream businesses.

Bangkok Fuel Pipeline and Logistics Co., Ltd. (BFPL)

BFPL engages in the business of fuel transportation and logistics, which Bangchak holds 100%.Currently operates a fuel delivery service through an underground fuel pipeline system which is a type that can transport many kinds of oil (multi product pipeline). The pipeline begins at the Bangchak Refinery, walking along the railway line to the oil depot in Chong Nonsi, continuing to the oil depot at Don Mueang Airport, and further to the Company's oil depot in Bang Pa-in district. There is also a pipeline connection in the Makkasan area to Suvarnabhumi Airport to deliver jet fuel.

BSGF Co., Ltd. (BSGF)

Incorporated with Baht 1 million in registered capital, in which Bangchak holds 51%, BSGF engages in the business of securing raw materials and production together with distribution of sustainable aviation fuel (SAF) from used cooking oil.

General Energy Manning Co., Ltd. (GEM)

Incorporated with Baht 1 million in registered capital, in which Bangchak holds 49%, GEM engages in the business of recruitment and human resource management.

Fuel Pipeline Transportation Ltd. (FPT)

Bangchak holds 4.78%, FPT operates underground pipeline fuel transport. The pipeline is a multiproduct pipeline, with the beginning of the pipeline at the Company's oil depot in Bang Pa-in District. to the north at Phichit Oil Depot and Lampang Oil Depot.

Delivers a Greenovative Experience through a network of over 2,000 service stations and expands non-oil business through Inthanin Coffee, Furio lubricants, EV charging stations as well as collaborations with diverse food partners and integrating digital systems to deliver modern, convenient, and secure experiences to customers.

Bangchak Green Net Co., Ltd. (BGN)

Incorporated with Baht 1 million in registered capital, in which Bangchak holds 49%, BGN engages in service station administration and sales management of consumer products at Baichak shops.

Bangchak Retail Co., Ltd. (BCR)

This wholly owned subsidiary of Bangchak has Baht 1,500 million in registered capital. BCR engages in the food and drinks business to accommodate continuous growth in the retail business. BCR now has 1,002 Inthanin coffee shops (as of 31 December 2022).

Oam Suk Social Enterprise Co., Ltd.

With an initial registered capital of Baht 126 million, in which Bangchak holds 50.4%, the company engages in the purchase of agricultural produce and organic crops for processing, marketing, distribution, and R&D.

Bangchak invests in the renewable-power business by holding 57.19% equity in BCPG Public Company Limited (BCPG), a SET-listed company. Its IPO took place on September 28, 2016. BCPG engages in investments in the power generation business from green energy sources (both domestic and overseas), such as solar, wind, and geothermal power projects.

BCPG Public Company Limited (BCPG)

BCPG has Baht 16.508.5 billion in registered capital, formed to engage and invest in green power businesses in and outside Thailand. At year-end, it commanded 390.8 megawatts (MW) in total capacity. In the past year, BCPG had invested in convertible bonds on VRB Energy, which engages in manufacturing and distributing a Utility-Scale Energy Storage System known as Vanadium Redox Flow, which is worth up to USD 24 million, and has signed a power purchase agreement (PPA) with Vietnam Electricity, a 25-year contract with a capacity of 600 MW at the Laos–Vietnam border.

Recognizing the significance of renewable energy in reducing trade deficits from imported fuels, thus enhancing national energy security, supporting farmers and conserving the environment, Bangchak advocates the blending of ethanol with gasoline, and biodiesel with diesel to form assorted graded of gasohol and biodiesel. Bangchak invests in bio-based products through shareholding in BBGI Public Company Limited (BBGI).

BBGI Public Company Limited (BBGI)

BBGI was incorporated through a merger between BBP Holdings Co., Ltd. (BBH), a subsidiary of Bangchak, and KSL GI Co., Ltd. (KSLGI), a subsidiary of Khon Kaen Sugar Industry Plc. with a registered capital of Baht 2.532 billion. In April 2018, it registered conversion into BBGI Plc., along with increasing its registered capital to Baht 3.615 billion by issuing 433.20 million recapitalization shares with a par value of Baht 2.50 per share to offer for sale to the existing shareholders of BCP, KSL, those who are entitled to share allocation and offering shares to the public. It has started trading on SET since March 17, 2022. Currently, the Company holds 45% of BBGI's shares. BBGI engages in business manufactures and distributes ethanol, biodiesel, and by-products. BBGI’s subsidiaries and associates have a total capacity of 1,600,000 liters per day (600,000 liters per day of ethanol and 1,000,000 liters per day of biodiesel) with the following subsidiaries and associates:

BBGI Biodiesel Co., Ltd. (BBGI-BI)

Established with Baht 281.5 million in registered capital, in which BBGI holds 70%, BBGI-BI engages in the production of biodiesel from crude palm oil, a basic raw material, with the nameplate capacity raised to 1,000,000 liters a day. The company is located in Bang Pa-in, next to Bangchak’s oil depot in Ayutthaya.

BBGI Bioethanol (Chachoengsao) Co., Ltd. (BBGI-PS)

BBGI-PS has a registered capital of Baht 500 million, in which BBGI holds 85%. Located in Amphoe Phanom Sarakham, Chachoengsao, it produces ethanol from fresh cassava, cassava chips, sugar, and molasses with a capacity of 150,000 liters a day.

BBGI Bioethanol Public Company Limited (BBGI-NP/BP)

BBGI-NP/BP is wholly owned by BBGI with a registered capital of Baht 610 million. It engages in the production and distribution of ethanol obtained from molasses, a by-product of the sugar production process. Currently, KGI has two ethanol manufacturers operating in Bo Phloi District, Kanchanaburi, with a capacity of 300,000 liters per day and Nam Phong District, Khon Kaen, with a capacity of 150,000 liters per day, which is currently being renovated to increase the capacity by 200,000 liters per day.

BBGI Utility and Power Co., Ltd.

Wholly owned by BBGI Plc, BBGI Utility and Power Co., Ltd. has a registered capital of Baht 50 million. It was formed to engage in the production and sale of bio-based energy, power, and public utilities.

WIN Ingredients Co., Ltd.

WIN Ingredients Co., Ltd., has a registered capital of Baht 320 million, with BBGI Plc. holding 51%. It was formed to engage in the production, sale, import, and export of all bio-based products and chemicals.

Biome Co., Ltd.

With a registered capital of 69.375 million baht, BBGI acquired 20% of the total issued and paid-up shares of Biome which was established to operate the business of experimental research and development in biotechnology especially research on biological products using Synthetic Biology technology.

The other invested company is Ubon Bio Ethonal Co., Ltd. (UBE).

Ubon Bio Ethanol Public Company Limited (UBE)

UBE was incorporated with a registered capital of Baht 3.914.29 billion, in which BBGI holds 12.39%. Located in Amphoe Na Yia, Ubon Ratchathani, it engages in ethanol production using fresh cassava, cassava chips, and molasses as feedstock with a capacity of 400,000 liters a day. UBE’s subsidiary also engages in processing cassava into flour and generating power from the biogas derived from wastewater treatment from the flour and ethanol processes.

This business group, one of Bangchak’s five core businesses, is in charge of the development of upstream petroleum businesses and battery energy storage systems, namely the petroleum exploration and production (E&P) business and the lithium mining business. Bangchak founded BCPR Co., Ltd., in Thailand, and BCPR Pte. Ltd. in Singapore, to engage in the petroleum E&P business. BTSG Co., Ltd., in Thailand, to engage in liquefied natural gas business and founded BCP Innovation Pte. Ltd., in Singapore, to engage in the lithium mining business and start-up.

BCP Innovation Pte. Ltd. (BCPI)

BCPI, wholly owned by Bangchak, was incorporated in Singapore with a registered capital of USD 53.3 million to engage in the lithium mining business and other startup businesses. Currently, BCPI has the right to purchase lithium under the Lithium Purchase Agreement with Lithium Americas Corp. of up to 6,000 tons per year from the Cauchari-Olaroz project and has invested in many startup businesses.

BCPR Co., Ltd. (BCPR-TH)

On July 12, 2018, Bangchak established a wholly owned BCPR Co., Ltd., in Thailand, which today has Baht 661 million in registered capital (6.61 million shares at Baht 100 per share). The objective is to engages in business operations by investing in natural resource businesses. BCPR has now invested in BCPR Pte. Ltd., founded in Singapore to invest jointly in OKEA AS, which engages in petroleum development and production in Norway.

BCPR Pte. Ltd. (BCPR-SG)

BCPR-SG, was incorporated in Singapore on July 12, 2018, with a registered capital of USD 18.2 million and is wholly owned by BCPR Co., Ltd. The company engages in foreign energy, petrochemical, and natural resources businesses and currently invests in OKEA ASA, which engages in local petroleum exploration, development and production in Norway.

OKEA ASA

OKEA ASA, a listed company on the Norwegian Stock Exchange, engages in Norway’s petroleum exploration, development and production. BCPR Pte. Ltd., Bangchak’s subsidiary, holds 45.46% shares in OKEA ASA. The company operates the Draugen, Gjoa, Ivar Aasen and Yme oil and gas fields (production commenced in Q4 2021) and holds or is developing the Grevling, Aurora, Falk oil and gas fields and several other fields in Norway, i.e., Hasselmus, Hamlet, Aurora. In addition, OKEA ASA is the operator of many fields.

BTSG Co., Ltd. (BTSG)

BTSG has Baht 200 million in registered capital, in which Bangchak holds 51%, to engage in the supply and distribution of liquefied natural gas and related businesses.

Thai Special Gas Co., Ltd. (TSG)

TSG has Baht 50,000,000 in registered capital, in which Bangchak holds 5% equity, and operates the business of supplying, bottling, and selling industrial gases. This also includes design, equipment, and system installation, selling of tools and equipment, and testing services of equipment such as industrial gas tanks.

To pursue the position of the leading Asian Greenovative group, Bangchak expands its investment in emerging energy innovation such as lithium, used in the manufacturing of batteries for electrical vehicles (EVs) and extending bio-based products to add value to its current biofuel products. Bangchak set up four more venture-capital companies to engage or jointly invest in 10 domestic startup businesses, promoted by the government.

BCV Energy Co., Ltd. (BCVE)

BCVE, wholly owned by Bangchak, was incorporated with a registered capital of Baht 1,020 million to engage in the venture capital business for funding domestic startups relating to energy innovation.

BCV Innovation Co., Ltd. (BCVI)

BCVI, wholly owned by Bangchak, was incorporated with a registered capital of Baht 65.1 million to engage in the venture capital business for funding domestic startups relating to innovation.

Winnonie Co., Ltd. (Winnonie)

Winnonie has Baht 90.1 million in registered capital, BCVI holds 55.49%, to engage in electric motorcycles and battery replacement services, including related businesses that align with Bangchak's goal, leadership in green energy innovator.

Transitus Energy Ltd.

The Company holds 40% of shares in hydrogen energy business. In Europe, the registered capital is 12.3 million baht.

Data Cafe Co., Ltd. (DC)

With registered capital of 12.3 million baht, the company holds 35% of the shares. It engages in business of providing services for personnel in information technology to various business organizations such as telecommunication financial institution and energy business.

Mee Tee Mee Ngern Co., Ltd.

It has a registered capital of 1,000 million baht. The Company holds 20% of its shares. It operates a land loan and consignment business.

Bangchak Treasury Center Company Limited (BCTC)

BCTC, wholly owned by Bangchak, was incorporated with a registered capital of Baht 10 million to operate the business in Treasury Center (TC) and International Business Center (IBC)

Shareholding Structure

Refinery and Oil Trading Business Group