Bangchak plans $315M investment and will add biofuel subsidiary to Stock Exchange

In Thailand, Bangchak Corporation plans to invest ฿ 10 billion Thai Baht (about $315 million) to boost refinery capacity and production over the next two years, according to The Nation. Bangchak President, Chaiwat Kovavisarach, announced the plan that will increase refining capacity up to to130,000 barrels per day, from the current level of 120,000 barrels and that will spend Bt1.5 billion to increase retail petrol stations to a total of 1,200 by the end of this year.

The company is also expected to have its biofuel producer subsidiary BBGI listed on the Stock Exchange of Thailand in the third quarter this year, instead of the fourth quarter as planned earlier, according to The Nation. BCP and Khon Kaen Sugar Industry hold stakes of 60 per cent and 40 per cent, respectively, in BBGI.