Bangchak-BBGI-Thanachoke Oil Light joint venture to set up BSGF to produce sustainable jet fuel

Bangchak – BBGI – Thanachok Oil Light jointly set up BSGF to produce sustainable jet fuel (SAF) from used cooking oil The first and only one in Thailand Ready to serve both domestic and international aviation business. reduce carbon dioxide emissions from travel and air transport

Bangchak Corporation Public Company Limited and BBGI Public Company Limited together with Thanachok Oil Light Company Limited joined the press conference to establish BSGF Company Limited (BSGF) and signed.
Cooperation in the production and distribution project of Sustainable Aviation Fuel (SAF) from used cooking oil is the first and only in Thailand at the Bangchak Headquarters Building, M Tower, to be established. SAF production unit with an initial production capacity of 1 million liters per day. It is expected to serve the aviation industry. Both domestic and international in the fourth quarter of 2024 (2024) helps reduce greenhouse gas emissions. from air travel and transport down about 80,000 tons of carbon dioxide equivalent per year.

Mr. Chaiwat Kovavisarat, Chief Executive Officer of Bangchak Group and President of Bangchak Corporation Public Company Limited revealed that Bangchak Corporation Public Company Limited and BBGI Public Company Limited together with Thanachok Oil Company Limited L Light signed a joint venture agreement to establish BSGF Company Limited (BSGF) with an investment budget of 80-100 billion baht in proportion of investment by Bangchak 51%, Thanachok Oil Light 29% and BB. GI 20% to operate the business of manufacturing and distributing sustainable aviation fuel or SAF (Sustainable Aviation Fuel) from used cooking oil, the first and only in Thailand.

This joint venture brings together the experience and expertise between the 3 partners to lay a solid foundation for BSGF in terms of raw material procurement, production and distribution. Coordinate strength between Bangchak Company Limited, the operator of Bangchak Oil Refinery, a modern Complex Refinery, a pioneer in the purchase of used oil from household cooking for biodiesel production in Thailand as the first and specializes in oil trading through BCP Trading Co., Ltd. or BCPT, which is currently the number one independent oil trader in the Singapore market. Food for a long time and BBGI, the leader in the biofuel industry and the creator of high-value bio-products.

BSGF will start its business by constructing a SAF production unit from used cooking oil in the Bangchak refinery area. It is expected to be operational by the end of 2024 with an initial production capacity of 1,000,000 liters per day. It is a sustainable jet fuel that the global aviation industry can immediately replace without impact. per engine This will reduce greenhouse gas emissions from the aviation industry by approximately 80,000 tons CO2 equivalent per year. (compared to current aviation fuel greenhouse gas emissions)

“BSGF is ready to expand production capacity to support future demand for SAF in line with global demand for SAF, in line with EU regulations that stipulate an increase in the proportion of SAF blends in jet fuel to be flown into EU airports. continuously (from the resolution of the Council of Europe At the beginning of July, it was set at 2% in 2025 and increased to 6%, 37% and 85% in 2030, 2040 and 2050, respectively), and is in line with the measure of International Civil Aviation Organization (International Civil Aviation Organization: ICAO) and the International Aviation Association. (International Air Transport Association: IATA) to support To enable the global aviation industry to achieve Net Zero goals in 2050.”

Mr. Thanawat Linjongsubongkot, Managing Director of Thanachok Oil Light Company Limited, said that Thanachok Company Limited is confident in this joint venture. with the potential of the Bangchak Group which has always focused on building energy security while taking care of the environment and society. in line with Thanachok’s mission Industrial business group that specializes in producing biodiesel from used oil with a visit to the storage area in the community Prevent reuse or dispose of it in public areas or different water sources. At present, Thanachok Group has a used oil collection network covering 77 provinces across the country. With the capacity to store and collect approximately 17 million liters of used oil per month.

“Thanachoke Oil Light will focus on developing methods and procuring used oil to be used as raw material for SAF production in order to raise the standard of used oil storage and collection business to meet the needs of the industry. to fly stable and sustainably.”

Mr. Kittipong Limsuwanroj Chief Executive Officer and President of BBGI Public Company Limited said that from the expertise in operating biodiesel plants. Along with technology and feedstock for SAF production, the BBGI Group Able to provide sufficient raw materials to the SAF production unit. There is also a unit that can improve the quality of raw materials to suit the SAF production process, such as palm fatty acids and used oil.

“SAF products from used cooking oils are It can be said that it has good economic, social and environmental benefits, in line with the BCG Economy Model in a comprehensive way, starting from Bio-economy, focusing on the use of bio-resources to create added value. Emphasis is placed on the development of high-value products connected to the circular economy, taking into account the reuse of various materials as much as possible. and a green economy that does not only focus on economic development but must be developed in parallel with social development and environmental protection in a balanced way for stability and sustainability together.”

Mr. Chaiwat concluded that The joint venture established BSGF and the first and only SAF production unit from Cooking Oils in Thailand. It is a new chapter for Thailand’s energy industry that is transitioning to clean energy with green energy innovations. And it is another important step according to the Bangchak Group’s BCP 316 NET plan. To achieve the goal of emissions of greenhouse gases (Net Zero) by 2050 and to drive Thailand towards the goal of Net Zero by 2065.