Thaioil aims to develop its niche as an industry leader
Industry Reports by Synergy Media Specialists
With a strong foundation built on more than 50 years of experience, Thai Oil (Thaioil) has developed into an industrial leader in Thailand. Its core oil refinery business has enabled Thaioil to become a recognised leader in the industry. As it looks towards the future, Thaioil is set to develop its legacy as a trusted company with a driven management team.
Thaioil operates a comprehensive refinery that uses advanced and efficient processing technologies to produce 275,000 barrels per day.
Its products are primarily for domestic distribution.
Expansion into petrochemical, lube base businesses, power generation and the marine transport of petroleum and petrochemical products has enabled Thaioil to strengthen its core business while continuing to benefit from its refinery's strategic location.
Thaioil's CEO Veerasak Kositpaisal says: "Bangkok and the surrounding regions account for 70 per cent of demand and our refinery is strategically located only 120 kilometres from Bangkok. This gives us the advantage of being in close proximity to our customer base and enables us to supply the domestic market efficiently and deliver products on time."
Thaioil achieved Level B with its recent sustainability report published in partnership with the Global Reporting Initiative, a non-profit organisation that promotes economic, environmental and social sustainability.