, the leading vehicle manufacture brands have accepted B20 and B10 to be used in their car models and have promoted the use of B20 to customers. However, due to the lower crude palm oil price, methyl
| 2 Executive Summary In 2019, overall palm oil production and crude palm oil ( CPO) inventory remained high in both domestic and international market, although the inventory plunged to a minimum record
attributable to the owners of the parent THB 214 million, an earnings per share of THB 0.16, with performance from each business unit as follow: The performance of Refinery and Oil Trading Business Group was
and absolute carbon emissions (induced and avoided) 7, 13 Climate Change Mitigation Science based target initiative (SBTi), TPI, ACT, Sectorial Decarbonisation Approach Oil & Gas - Scope 1-3 GHG
parent THB 620 million (68% QoQ, 140% YoY). Earnings per share was THB 0.38. As for 2019 performance of the company and its subsidiaries, it is still affected by the fluctuations in oil price of the global
their allies unable to come to terms on oil production cuts. This further exemplified pressure on the price of crude in the global market to make a severe reduction late in the quarter. Average price of
spread between finished product and crude oil in every product category, and from the higher average crude oil price; resulting in an Inventory Gain of THB 834 million, exceeding 2016’s. Moreover, there
vehicle usage and oil products sales volume both in retail and industrial markets. However, the company’s B20 Diesel retail sales doubled from the previous quarter, after the company debuted the Bangchak Hi
government sector introducing stimulus packages, which would cause demand for fuel consumption in the industrial and transport sector to increase. Moreover, the excess of crude oil supply trends to decrease
environment The Thai economy for the year 2019 exhibited a decelerating trend. Private consumption slowed down in almost all categories especially in durable goods from the contractions in vehicle sales partly