27 December 2023

Bangchak – Thanachok Vegetable Oil (2012) Sign Joint Venture Agreement Advancing Sustainable Aviation Fuel (SAF) Production from Used Cooking Oil Management

Thamarat Paryoonsuk, Senior Executive Vice President, Refinery and Oil Trading Business Group, Bangchak Corporation Public Company Limited, joined the signing ceremony for the joint venture agreement to acquire additional shares in Thanachok Vegetable Oil (2012) Company Limited between Bangchak Corporation Public Company Limited and Thanachok Vegetable Oil (2012) Company Limited, represented by Tanawat Linjongsubongkot, Managing Director, Thanachok Group. The ceremony was held at Avani+ Riverside Bangkok Hotel.

Following the transaction, Thanachok Vegetable Oil (2012) would have a registered capital of THB 60 million, with Bangchak holding a 45% stake in the company. This joint venture is part of the strategy to manage used cooking oil (UCO) which is the raw material to produce Sustainable Aviation Fuel (SAF) by BSGF Company Limited, a joint venture between Bangchak Corporation Public Company Limited, BBGI Public Company Limited, and Thanachok Oil Light Company Limited.