TH

Shareholding Structure

The date to list shareholders is 4 March 2021

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Business Structure

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

BCP Trading Pte. Ltd. (BCPT)
Incorporated in Singapore with a registered capital of USD1 million wholly owned, BCPT engages in commodity trading including crude oil, petroleum products, petrochemicals, other chemical products, and other downstream businesses.

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.

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 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. FPI’s oil transmission pipeline system expansion project from Amphoe Bang Pa-in to the Phichit Oil Depot and the construction of the pipeline to Lampang oil depot has been completed in 2020.

The Marketing Business Group sells fuels and lubricants to consumers through Bangchak’s network of 1,233 service stations nationwide, made up of 619 standard and 614 community service stations, as of December 2020. They also distribute products to industrial users and the transport, airlines, vessels, construction, and agriculture sectors, which provide convenience to customers. The stations offer supplementary (non-oil) businesses under the operation of Bangchak Retail Co., Ltd.

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 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 673 Inthanin coffee shops (as of December 2020).

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 60.36% 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 Plc successfully recapitalized this year to Baht 16.508 billion in registered capital. It was formed to engage and invest in the green power business in and outside Thailand. At the year-end, it commanded 472 megawatts in total capacity.

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 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. 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 as 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 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 Public Company Limited (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 450,000 liters per day: 300,000 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 biogas power plant generates power from the biogas derived 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.
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.

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 and start-up.

BCP Energy International Pte. Ltd. (BCPE)
Wholly owned by Bangchak and established in Singapore with a registered capital of USD 112.5 million, 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 right in the West Linapacan field under development along with rights in fields under exploration, namely SC6B, SC54A and SC58, all in the Phillippines.

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 related investment. Today BCPI owns 0.5% shares in Lithium Americas Corp.

Lithium Americas Corp.

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. with a capacity of 40,000 tons per year, whereas the USA lithium mining project is under development.


BCPR Co., Ltd. (BCPR)
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 Pte. Ltd., was incorporated in Singapore on July 12, 2018, with a registered capital of USD 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 resources businesses and currently invests in OKEA AS, which engages in local petroleum exploration, development and production in Norway.

OKEA ASA
OKEA AS, incorporated under the laws of Norway, engages in Norway’s petroleum exploration, development, and production. BCPR Pte. Ltd., Bangchak’s subsidiary, holds 46.09% of 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 Field. This year it joined in the investment in Calypso and Aurora fields in the vicinity of the Draugen and Gjøa fields, which would in effect lower their development and production expenses thanks to the likely synergy of co-production. Both high-potential fields are under exploration, leading to possible production.

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, 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, has Baht 50 million in registered capital 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.

WINNONIE Company Limited (WINNONIE)
WINNONIE Company Limited (WINNONIE) has Baht 50.1 million in registered capital to engage in electric motorcycles and battery replacement services, including related businesses that align with Bangchak's goal, leadership in green energy innovator. Today BCVI owns 99.8% shares in WINNONIE.