- Business
- Bangchak Corporation Public Company Limited Bangchak Corporation Public Company Limited (7BP.F) engages in petroleum refining, marketing, and sustainable energy businesses primarily in Thailand with operations extending to Singapore, Norway, Korea, Laos, and other international markets. Founded in 1984 and headquartered in Bangkok, Thailand, the company operates through five main business groups: the Refinery Business Group, which includes the Bangchak Phra Khanong Refinery in Bangkok and Bangchak Sriracha Refinery in Chonburi with a combined capacity of nearly 300,000 barrels per day for refining and oil trading; the Marketing Business Group, featuring over 2,200 service stations nationwide offering fuels, lubricants, EV charging stations, Inthanin Coffee outlets, and restaurants; the Clean Power Business Group via BCPG, encompassing solar, wind, hydropower, natural gas, and smart energy solutions; the Bio-Based Products Business Group through BBGI, producing biofuels, ethanol, biogas, bio-based health products, and sustainable aviation fuel (SAF); and the Natural Resources Business Group, investing in petroleum exploration and production via OKEA ASA in Norway. The company also manages the Bangchak Initiative and Innovation Center for competitive edge and innovation, alongside subsidiaries like Bangchak Sriracha Public Company Limited for integrated refining, aromatics, and distribution. In recent developments, Bangchak completed the acquisition of a 65.99% stake in Esso (Thailand) Public Company Limited from ExxonMobil in August 2023 for THB22.6 billion, rebranding over 700 Esso stations to Bangchak by late 2024, boosting its market share to 29.1% as Thailand's second-largest oil retailer, and generating over THB6 billion in synergies in 2024; it signed a construction agreement for an SAF production unit at its Phra Khanong refinery in 2023 incorporating hydrotreated vegetable oil technology; launched B24 marine biofuel certified under ISCC EU standards; expanded non-oil businesses including battery swapping for electric motorcycles and LNG stations; and announced a business restructuring in 2025 to enhance group efficiency following the BSRC integration.