Bangchak Corporation PCL - Company Profile
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Business Description
Bangchak Corporation PCL (Bangchak) is an integrated energy company that primarily engages in the oil refining industry. The company also explores and produces petroleum, produces electricity from eco-friendly energy, sells standardized oil products, and conducts bio-based product business. It serves various industries including industrial, transport, construction, and agricultural sectors.
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R&D Overview
Bangchak is actively engaged in research and development initiatives aimed at creating new businesses and reducing company expenses. The company focuses on investing in green innovations to align with its Net Zero 2050 roadmap. A significant R&D initiative includes the production of astaxanthin from a pilot plant, which is processed into high-value products. The company collaborates with the Faculty of Pharmaceutical Sciences, Chulalongkorn University, to test the efficacy and toxicity of astaxanthin, finding it beneficial for eye and skin health without toxicity to the liver or kidneys. Additionally, Bangchak Corporation PCL is developing astaxanthin nanoparticles to enhance product efficacy and exploring commercial production expansion with partners. The company has registered 6 patents. The Bangchak Initiative and Innovation Center (BiiC) serves as the company's R&D unit. It functions as an innovation and business incubation institute, focusing on building a green ecosystem and driving innovations in Energy and Climate Technology and Bio-based technologies. The center's structure was reorganized in 2025 to enhance operational agility, concentrating on two key areas: Innovation Development and Venture Capital (IVC) and Ecosystem and Incubation (E&I), in alignment with Bangchak Group's Net Zero 2050 operational roadmap.
Business Segments
Overview
Comprise renewable energy, biodiesel, and ethanol businesses. It operates one of the largest biofuel production and distribution businesses in Thailand. Produces domestic alternative fuels mainly from crude palm oil, fresh cassava roots, cassava chips, or molasses.
Performance
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Overview
Generates and distributes electricity from new types of renewable energy and clean energy. Major assets include solar farms, wind farms, hydropower plants, and geothermal power plants in Thailand, Japan, the Philippines, Laos, and Indonesia. The key operating subsidiary is BCPG Co Ltd (BCPG).
Performance
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Overview
Sells refined petroleum products to consumers directly through service stations and networks across Thailand. Serves transport, aviation, marine, construction, industry and agriculture sectors. Focuses on sales of green alternative fuels, including Gasohol 91/95, E20/E85, and Bio-Hi-Diesel Produces and sells lubricants and special products such as transmission oil, brake fluids, and greases, under the BCP Lubricants brand Operates non-oil businesses at service stations, including distribution of consumer products through various convenience stores such as Bai Chak outlets, Lemon Green, and Big C Mini.
Performance
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Overview
Conducts international businesses involving energy, petrochemicals, and natural resources through BCP Energy International Pte Ltd. It focuses on the exploration and production of petroleum mainly in Southeast Asia through Nido Petroleum Ltd. Nido has operating concession sites in Australia, Indonesia, and the Philippines. It conducts businesses involving international innovation through BCP Innovation Pte Ltd. It owns a 0.51% interest in Lithium Americas Corp, which operates in the lithium mining business in Argentina and the US.
Performance
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Overview
Assets include a modern refinery complex equipped with value-added conversion or extracting units and integrated with a domestic trading network. The refinery complex includes crude distillation, vacuum distillation, LPG treating, naphtha pre-treating, kerosene treating, gas oil hydrodesulfurization, sulfur recovery, and catalytic reforming units. Major products include gasoline, diesel, liquid sulphur, LPG, jet fuel and fuel oil Refinery produces gasohol E20 that meets the Euro 5 standard with less than 10 parts per million (ppm) of sulfur. BCP Trading Pte Ltd trades crude oil, petroleum products, petrochemicals, and other chemical products.
Performance
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Performance
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Performance
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Geographical Segments
Performance
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Performance
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Performance
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Performance
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Performance
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