amalgamation of PTT Aromatics and power plant to produce electricity from solar Refining Plc and PTT Chemical Plc) cell (Sunny Bangchak) phase 1, at Amphoe Bang Pa-in, Ayutthaya. These connected Transactions with this company, a connected company as a result of PTT’s transactions followed normal business shareholding in both, followed normal practices, relied on market prices and business practices and market prices. followed details stated in the operation contracts. 11. With Thai Lube Base Plc Transactions with this company, a 6. With Ubon Bio-Ethanol Co., Ltd connected company as a result of shared Ubon Bio-Ethanol (UBE), the Company’s relationship through PTT, followed normal associated company, is engaged in cassavabusiness practices and market prices. based ethanol production with a production capacity of 400,000 liters per day, equivalent to 132,000,000 liters per year. The ethanol 12. With IRPC Plc was used in the production of BCP’s gasohol Transactions with this company, a connected company as a result of PTT’s and some was exported to China. The shareholding in both, followed normal transaction with this company followed business practices and market prices. normal business practices, relied on market prices and followed details stated in the 13. With NPC Safety and Environmental operation contracts. Services Co., Ltd. Service fees with this company, a 7. With Ubon Agricultural Energy Co., ltd connected company as a result of shared Transactions with Ubon Agricultural Energy relationship through PTT, followed normal Co., Ltd, a connected company as a result of business practices and market prices. Ubon Bio-Ethanol Co., Ltd. (BCP’s associated company), holding shares in this company, followed normal business practices and 14. With PTT International Trading Co., Ltd. Transactions with this company, a market prices. connected company as a result of PTT’s shareholding in both, followed normal 8. With Fuel Pipeline Transportation Co., Ltd business practices and market prices. BCP entered into contracts with this company to take its oil products from Bangchak Depot to its Bang Pa-in Depot and 15. With PTT ICT Solutions Co., Ltd. sell them to its customers in the Central, Payment for the rights to use Microsoft software from this company, a connected North and Northeast under normal business company as a result of PTT’s shareholding conditions and market prices. in both, followed normal business practices and market prices. 9. With Thai Oil Plc Transactions with this company, a connected company as a result of PTT’s shareholding in 16. With PTTEP Siam Co., Ltd. both, followed normal business practices and Other services fees with this company, a connected company as a result of PTT’s market prices shareholding in both, followed normal business practices and market prices. 10. With PTT Global Chemical Plc (a company founded through the
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Annual Report 2011