TH

Shareholding Structure

The date to list shareholders is 28 May 2020

Large image

Business Structure

The complex refinery of Bangchak operates with a nameplate capacity of 120,000 barrels per day (120 KBD). The majority of the outputs are gasoline and diesel. The quality of its gasohol and diesel products meets the public sector's Euro 4 standard. Bangchak focuses on energy stability in its processes by using electricity and steam derived from its cogeneration power plant while replacing fuel oil with cleaner-burning natural gas. It raises the efficiency of its refining processes with the implementation of its 3E, YES-R and Rocket Projects.

BCP Trading Pte. Ltd. (BCPT)
Incorporated in Singapore with a registered capital of US$1 million wholly owned, BCPT engages in commodity trading including crude oil, petroleum products, petrochemicals, other chemical products, and other downstream businesses.

Bongkot Marine Service Co., Ltd. (BONGKOT)
This joint-venture enterprise has a registered capital of Baht 240 million, in which Bangchak holds 30%. It engages in supplying and administration of floating storage units.

Fuel Pipeline Transportation Ltd. (FPT)
With a registered capital of Baht 3.66 billion, in which Bangchak holds 4.95%, FPT operates underground pipeline fuel transport. The multiproduct pipeline is laid parallel to the railway route from Bangchak Refinery to Don Muang International Airport Oil Depot via Chong Nonsi Oil Depot and ends at Bangchak's oil depot in Bang Pa-in, Ayutthaya, and at FPT. A fuel pipeline connection with the system of JP-One Asset Co., Ltd., made at the Makkasan area in Bangkok, supplies aviation fuels to Suvarnabhumi International Airport. FPT's fuel transmission pipeline system expansion project from Amphoe Bang Pa-in to the Phichit Oil Depot was completed in 2019, and the remaining segment to Lampang is under construction.

The Marketing Business Group sells fuels and lubricants to consumers through Bangchak's network of 1,201 service stations nationwide, made up of 589 standard and 612 community service stations, as of December 2019. To provide convenience to customers, the stations offer supplementary (non-oil) businesses under the operation of Bangchak Retail Co., Ltd., which also distributes products to industrial users together with the transport, airlines, vessels, construction, and agriculture sectors.

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 and Lemon Green outlets.

Bangchak Retail Co., Ltd. (BCR)
This wholly-owned subsidiary of Bangchak has Baht 800 million in registered capital. BCR engages in the food and drinks business in 600 Inthanin coffee shops.

Oam Suk Social Enterprise Co., Ltd.
With an initial registered capital of Baht 10 million, in which Bangchak holds 40%, 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 70.04% 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)
Incorporated with a registered capital of Baht 10 billion, BCPG engages and invests in the green power business (domestic and overseas). At the end of 2019, BCPG's total capacities are 404 MW.

Recognizing the significance of renewable energy in reducing trade deficits arising 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 grades of gasohol and biodiesel. Bangchak invests in bio-based products through its shareholding in BBGI Public Company Limited (BBGI).

BBGI Plc. (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. It was transformed from BBGI Co., Ltd., to BBGI Plc. in April 2018, when the registered capital was increased to Baht 3.615 billion by issuing 216.6 million recapitalization shares at Baht 5 per share for public offering. Bangchak holds 60% shares in this largest biofuel producer and distributor in Thailand, which has a total capacity of 2,000,000 liters a day, comprising 1 million liters a day of ethanol and 1 million liters a day of biodiesel. The three subsidiaries of BBGI are Bangchak Biofuel, Bangchak Bioethanol – Chachoengsao, and KSL Green Innovation; the lone associated company is Ubon Bio Ethanol.

Bangchak Biofuel Co., Ltd. (BBF)
Established with Baht 281.5 million in registered capital, in which BBGI holds 70%, BBF 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.

Bangchak Bioethanol - Chachoengsao Co., Ltd. (BBE)
BBE has a registered capital of Baht 500 million, in which BBGI Plc. 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.

KSL Green Innovation Plc. (KGI)
KGI is wholly owned by BBGI with a registered capital of Baht 610 million. It engages in the production and distribution of ethanol based on molasses derived from the sugar manufacturing process. KGI's two ethanol manufacturers now operate with a total capacity of 350,000 liters per day: 200,000 liters per day from a plant in Amphoe Bo Phloi, Kanchanaburi, and the other 150,000 liters per day from a plant in Amphoe Nam Phong, Khon Kaen. Moreover, KGI's plant generates biogas from wastewater treatment from the ethanol process.

Ubon Bio Ethanol Co., Ltd. (UBE)
UBE was incorporated with a registered capital of Baht 3.91 billion, in which BBGI holds 21.28%. 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.

BBGI Utility and Power Co., Ltd. (BUP)
engages to produce and distribute bioenergy, electricity and public utilities. BUP has a registered capital of Baht 50 million, in which BBGI holds 100%

WIN Ingredients Co., Ltd.
Established with Baht 1 million in registered capital, in which BBGI holds 100%. WIN Ingredients Co., Ltd. engages in biological products and chemicals in various categories.

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. together with BCP Energy International Pte. Ltd. in Singapore, to engage in the petroleum E&P business and founded BCP Innovation Pte. Ltd., in Singapore, to engage in the lithium mining business.

BCP Energy International Pte. Ltd. (BCPE)
Wholly owned by Bangchak and established in Singapore with a registered capital of US$112.5 million as of June 30, 2019, BCPE engages in foreign energy, petrochemical, and natural resources businesses and now wholly owns Nido Petroleum Pty. Ltd. through common-share purchase.

Nido Petroleum Pty. Ltd. (Nido)
Nido holds rights in the West Linapacan field under development along with rights in fields under exploration, namely SC6B, SC14D, SC54A, SC54B, SC58, and SC63, all in the Philippines.

BCV Innovation Pte. Ltd. (BCPI)
BCPI, wholly owned by Bangchak, was incorporated in Singapore with a registered capital of US$53.3 million as of June 30, 2019, to engage in the lithium mining business and related investment. Today BCPI owns 15.86% shares in Lithium Americas Corp.

Lithium Americas Corp. (LAC)

Listed on the Toronto Stock Exchange, Canada, and the New York Stock Exchange, USA, LAC engages in the lithium mining business to produce lithium carbonate, an essential raw material for batteries.

LAC is developing two lithium mines in Argentina and the USA. The Argentina project is under the development of Minera Exar S.A., and lithium carbonate production is expected in 2021 with a capacity of 40,000 tons per year, whereas the USA lithium mining project is under development.


BCPR Co., Ltd.
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 engage 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 Pte. Ltd., was incorporated in Singapore on July 12, 2018, with a registered capital of US$18.2 million as of June 30, 2019, and is wholly owned by BCPR Co., Ltd. The company engages in foreign energy, petrochemical, and natural resource businesses and currently invests in OKEA AS, which engages in local petroleum exploration, development, and production in Norway.

OKEA ASA
OKEA ASA, incorporated under the laws of Norway, engages in Norway's petroleum exploration, development, and production. BCPR Pte. Ltd., Bangchak's subsidiary, holds 46.52% shares in OKEA AS. OKEA AS holds the right in Draugen, Gjøa, Ivar Aasen, Yme, and Grevling oil fields, as well as the exploration rights in several other fields in Norway and has been the operator of Draugen and Grevling fields.

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. In 2018 Bangchak set up four more venture-capital companies to engage or jointly invest in 10 domestic startup businesses, or both, promoted by the government along with a Singapore-formed subsidiary.

BCV Bio Based Co., Ltd. (BCVB)
BCVB, wholly owned by Bangchak, was incorporated with a registered capital of Baht 20 million to engage in the venture capital business for funding domestic startup companies in bio-product innovation.

BCV Energy Co., Ltd. (BCVE)
BCVE, wholly owned by Bangchak, was incorporated with a registered capital of Baht 20 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 20 million to engage in the venture capital business for funding domestic startups relating to innovation.

BCV Partnership Co., Ltd. (BCVP)
BCVP, wholly owned by Bangchak, was incorporated with a registered capital of Baht 20 million to engage in the venture capital business for funding domestic startups relating to innovation in collaboration with the public and private sectors.

Bangchak Ventures Pte. Ltd. (BCV)
This wholly-owned Bangchak subsidiary was formed in Singapore with a registered capital of US$100,000 as of December 31, 2019. Bangchak Ventures engages in joint-venture capital for startups involving innovations.