bangchak
- Business News
Bangchak expands petroleum business in Norway
Bangchak Corporation, a prominent energy conglomerate listed on the Stock Exchange of Thailand (SET), is advancing its petroleum business in Norway. The corporation, via its subsidiary Okea ASA, is set to develop an additional production facility at the offshore Brasse petroleum field in the North Sea. This move aligns with Bangchak’s 2022 announcement to bolster its investments in oil and…
- Business News
Bangchak to balance expansion and emission reduction
Bangchak Corporation Plc, the energy giant, has pledged to harmonise its business expansion with a reduction in greenhouse gas emissions over the next seven years. Chaiwat Kovavisarach, the CEO, emphasised the need to merge profitability with active initiatives to shrink the global warming-causing gases. The company and its subsidiaries are due to receive an allocation of 150 billion baht for…
- Thailand News
Bangchak to launch Thailand’s first sustainable aviation fuel factory
Bangchak Corporation Plc, a leading energy conglomerate in Thailand, is set to launch the country’s first factory to produce sustainable aviation fuel (SAF) from used cooking oil. The operation of the factory will start in early 2025, with the aim of reducing carbon dioxide emissions in the aviation industry. The venture is being propelled as the Department of Airports and…
- Business News
High demand for SAF production expected by Bangchak in 2025
Bangchak Corporation, a leading energy conglomerate listed on the Stock Exchange of Thailand (SET), anticipates a significant demand for Sustainable Aviation Fuel (SAF) production once it enters the market next year. The prediction comes as awareness about the environmental impact of traditional jet fuel increases among companies. Chaiwat Kovavisarach, Bangchak’s Group Chief Executive, revealed they had received a very warm welcome…
- Transport News
Bangchak Corporation pivots to sustainable aviation fuel
A forward-looking strategy is being implemented by energy conglomerate Bangchak Corporation as it navigates the uncertain future of the oil refinery business, deeply impacted by the global push for electric vehicles. In an endeavour to address this dilemma, the corporation has steered its focus towards the development of biofuel, known as sustainable aviation fuel (SAF), for aircraft, potentially a major…
- Environment News
THAI collaborating with Bangchak on sustainable fuel initiative
Thai Airways International Plc (THAI) has recently partnered with Bangchak Corporation Plc to sign a Memorandum of Understanding (MOU) focusing on technical and professional knowledge sharing in the field of Sustainable Aviation Fuel (SAF) utilisation. The chief of corporate strategy at THAI, Taviroj Songkumpol, stated that the national carrier has been striving for over 63 years to maintain a balance…
