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.
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 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.
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).
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.
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.
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.