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Nature of Business

Bangchak Corporation Public Company Limited is a Thai energy company engaging in business alongside social and environmental stewardship. Its core business - petroleum refining - spans procurement of crude oil from domestic and overseas sources and refining it into various standard products. With a current production capacity of 120,000 barrels per day, Bangchak distributes its refined products to over 1,000 retail stations around the country. It has also spread its wings to other businesses, including power production from solar energy (solar farm) - a clean source of energy from nature, biomass energy, petroleum exploration and production, and innovation-oriented businesses. Bangchak’s mission is to enhance national energy security, while investing in new businesses to keep the organization moving forward and ensure sustainability.
Optimized Platform for Growth
  • Full Value Chain Integration
  • Diversified Business Portfolio
  • Strong Financial Discipline


Our Complex refinery is fully equipped with value added conversion/extracting units which completely integrated with domestic trading network.


Our service stations are at the heart of demand and clustered around strategic locations throughout the country, in which we equipped non-oil business to maximize return per space utilization

Secure feedstock and capturing biofuel demand

E&P Business
  • Adapt competitiveness for long-term
    Rationalized assets and implement Cost control
Green Power Plant

Stable earnings stream Green Power Plant business has a high visibility stream of cash flow

  • Complete mix of assets
    Producing assets, Development opportunities and Attractive exploration prospects
  • Refinery and Marketing business are the main source of overall earnings
  • Synchronization of benefit
    Being fully integrated model, the profit can be optimized through business cycle

Refining business

Bangchak boasts a complex refinery with a capacity of 120,000 barrels per day. Most of the yields are high - value products in gasoline and diesel groups.

Not only does the quality of gasohol and diesel from Bangchak refinery meet the Euro 4 standard, but Bangchak is also the first in Asia to produce gasohol E20 of the Euro 5 standard. The product is environmentally friendly with a sulfur content of lower than 10 ppm - fivefold reduction from the Euro 4 standard. Bangchak, moreover, stresses energy stability in production processes by employing electricity and steam from its cogeneration power plant, while replacing fuel oil with cleaner burning natural gas. It is now ready to raise the efficiency of its refining processes with the implementation of 3E and YES-R projects. To increase Bangchak’s overall production capacity, various attempts have been made through the following projects :

  • Preparedness of oil tanks, pipelines, oil vessels, and installation of reserved heat exchange equipment at key points in the process, leading to uninterrupted, efficient refining process. As a consequence, Bangchak’s average production capacity this year reached 113,000 barrels per day, higher than the 105,000-barrel-per-day target.
  • Refining capacity test achieved 126,600 barrels per day, with a peak capacity recorded in August at 118,400 barrels per day - the highest since the commissioning of the hydrocracking unit.
  • Careful supply planning on crude procurement to achieve high GRMs, with an annual average market GRM of US$9.14 per barrel.
  • Installation of the Advanced Process Control (APC) system in April this year to raise production efficiency, while reducing energy consumption.
  • Export of Vacuum Low Sulfur Waxy Residue (VLSWR) with a sulfur content of 0.3% to Japan.
  • Development of unconverted oil (UCO), a new product, for sale to SK Oil of South Korea for use as lubricant feedstock.
  • On the environmental front, installation of an additional wastewater treatment unit with high technology, yielding treated water of the quality comparable to tap water, making the treated water reusable for the production processes. Bangchak saved water consumption by 20%.

Marketing business

This year, over 76% of finished products from Bangchak’s refining processes were sold through the retail network of over 1,072 stations, Of the total number, 457 were standard stations, while 615 were community stations (as of the end of December 2015).

At present, Bangchak comes second in market share, in which sales to customers in the industrial, transport, aviation, marine, construction, and agricultural sectors were included. In retail marketing, Bangchak stations are positioned for selling fuels from renewable energy, namely Gasohol 91, Gasohol 95, Gasohol E20, Gasohol E85, and Hi-diesel, and are equipped with stores to provide customers with utmost convenience: Baichak Store and Lemon Green Store selling general goods.

Big-C Mini Store, operated under the cooperation with Big C Super Center Plc., is also available to provide more variety of goods at 154 large stations. In addition, Bangchak has its lube oil-changing and car wash services made available in the form of Green Series business, comprising Green Serve, Green Wash, and Green Tyre. Bangchak’s own “Inthanin” coffee brand boasts 377 outlets, both in service stations and on university campuses. More branches are being planned at prime commercial locations.

As another development, Bangchak initiated the “Bright and Clean Program” for making its retail stations more attractive. The program includes introduction of “Inthanin Garden”, a modern form of large coffee shops selling 100% organic Arabica coffee served in biodegradable cups. In the food sector, Bangchak has expanded into freshly cooked quick meals under the “Lemon Kitchen” brand and high-quality food and drink center under the “Lemon Green Square” brand, available at Bangchak stations to draw more attention from customers. Moreover, as many as 17 Bangchak retail stations now have NGV on offer as an additional choice of fuel for motorists. In addition to fuel products, Bangchak has lubricant and premium lubricant products (transmission oil, brake fluid, grease, etc.) under the brand “BCP Lubricants” available in the Thai market at Bangchak service stations, street shops, industrial factories, and the OEM (original equipment manufacturers) market. The products are also exported to foreign.

This year, Bangchak developed and launched new products with “Green S” technology, namely “E20S” gasohol and “Hi Diesel S” diesel, blended with an additive that enhances efficient combustion while giving more power to the engine and reducing emissions from combustion, thus conserving the environment.

Renewable-energy business

Recognizing that renewable-energy is imperative for national energy security by reducing trade deficits from oil imports, Bangchak promotes ethanol and biodiesel for blending in gasoline and diesel.

Its products in this category include Gasohol 91, Gasohol 95, Gasohol E20, Gasohol E85, and Hi-diesel. Bangchak’s renewable-energy business is made up of:

  • Bangchak Biofuel Co., Ltd. produces biodiesel with a capacity of 360,000 liters per day. The biodiesel production unit 2, with a capacity of 450,000 liters per day, is being constructed on the compound of Bang Pa-In Terminal, Phra Nakhon Si Ayuttaya province, using raw palm oil as feedstock. A deserted orange plantation was turned into a palm oil planting area to attract farmers to palm oil planting, which gives higher financial benefit than other plants in such an area with acidic soil. Bangchak opened a “Center for Learning and Development of Palm Oil Planting on Rangsit Plain” to provide knowledge to interested farmers.
  • Ubon Bio Ethanol Co., Ltd. (with 21.28% shareholding), located in Amphoe Na Yia, Ubon Ratchathani province, produces ethanol and cassava flour. It has a capacity to produce 400,000 liters per day of ethanol to secure Bangchak’s ethanol supply and support future expansion of Gasohol E20 and E85 marketing.
  • Bangchak runs a solar farm business under the Sunny Bangchak project. It entered into a power purchase agreement (PPA) with the Electricity Generating Authority of Thailand (EGAT) and the Provincial Electricity Authority (PEA) to supply 118 MW of electricity.

In 2015, Bangchak’s power generation from renewable energy was restructured with the establishment of BCPG Co., Ltd. (BCPG), to run and invest in power plants fueled by renewable energy. In so doing, Bangchak sold its common shares in affiliates engaging in power production from renewable-energy business, comprising Bangchak Solar Energy Co., Ltd., and other five affiliates, to BCPG. Bangchak also granted an approval for BCPG to list on the Stock Exchange of Thailand (SET) with an IPO (initial public offering) for up to 30% of the paid-up capital planned for the beginning of 2016.

Petroleum exploration and Production (E&P) business

Bangchak is determined to increase its revenue to spur growth while diversifying its business risks by establishing BCP Energy International Pte. Ltd., in Singapore to manage the energy, petrochemical, and natural resource businesses outside Thailand.

Bangchak now holds common shares in Nido Petroleum Limited, a listed company in Australia engaging in petroleum exploration and production with a focus on investment in Southeast Asia. In 2015, Nido increased its ownership in the producing Galoc oil field from 22.88% to 55.88%, resulting in Nido holding the operatorship of the Galoc field with a production of capacity increasing to around 6,000 barrels per day.

Innovation-oriented business

In 2015, Bangchak set up BCP Innovation Pte. Ltd. in Singapore to manage innovation businesses outside Thailand.

It bought shares in Lithium Americas Corporation, a listed company in Canada running a lithium mine in Argentina and the US. Seeing as increasing trend of lithium demand.