Refinery and Oil Trading Business Group
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.
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 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.
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).
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).
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.
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.
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.