- Business
- IRPC Public Company Limited engages in the integrated production of petroleum and petrochemical products in Thailand, Singapore, and internationally. Founded in 1978 and headquartered in Rayong, Thailand, the company operates through three main segments: Petroleum Products, Petrochemical Products, and Other Business; it produces refinery products including lubricants, asphalt, and fuels; petrochemicals such as olefins (ethylene, propylene, butadiene), aromatics (benzene), and plastic resins; non-woven fabrics, medical consumables, and fertilizers; and provides utilities like power generation and distribution, industrial water and air systems, wastewater treatment, port services, storage tanks, and jetty operations. IRPC serves industrial customers, distributors, and end-users across Southeast Asia with a focus on downstream energy and chemicals markets. In recent developments, the company reported a net profit of THB340 million in Q3 2025, rebounding from prior losses due to improved refining margins amid geopolitical tensions and launched its "4R" strategy (Re-capitalize, Re-vitalize, Re-invent, Re-frame) for 2025-2030 to optimize non-core assets, enhance core operations, invest in high-value growth, and drive sustainability; it partnered with HSS on November 25, 2025, to introduce Graphenix × KleanTeQ graphene-coated sportswear and lifestyle apparel, collaborated with Eastern Poly Pack (EPP) and the Prostheses Foundation on recycled PP sheets via the From Wastes to Walk project on November 21, 2025, and signed a workforce development MOU under the iPEC program with PTT Group companies on October 21, 2025.