IRPC Public Co Ltd (IRPC) is primarily engaged in the integrated energy and petrochemical business. The company focuses on the production and distribution of petroleum products, petrochemical products, and related businesses. It operates through a single business segment. The company has a refinery production capacity of 215,000 barrels per day, a base oil plant capacity of 320,000 tons per year, and an asphalt plant capacity of 600,000 tons per year. IRPC serves industries such as energy, petrochemicals, power and utilities, and asset management.

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IRPC has undertaken several R&D initiatives focusing on innovation and product development. The company has implemented the Core Uplift strategy to enhance Specialty Product sales, targeting industries such as packaging, electronics, construction, automotive, and healthcare. The Step Up and Beyond strategy explores new growth areas like regenerative agriculture and nano-carbon technology. The company employs the Technology Readiness Level (TRL) and Business Readiness Level (BRL) frameworks for validation. The Analytical and Laboratory Center (AL) supports core operations and new research initiatives, providing high-precision testing and characterization services. The company also engages in Open Innovation, collaborating with academic and research institutions to accelerate product development. The R&D unit of IRPC is the Analytical and Laboratory Center (AL), which plays a critical role in supporting both core operations and new research initiatives. The AL provides high-precision testing and characterization services, ensuring product quality and streamlining production processes. It also supports internal R&D and operational needs while expanding its technical footprint by offering specialized testing services to external organizations. In FY2025 the company incurred a research and development expenditure of THB304 million which was 0.1% of the company’s total revenue and declined 1.9% YoY.