028
S umm a r y o f B u s in e s s A c h ie v e m e n ts in 2 0 1 3
THAI OIL PUBLIC COMPANY LIMITED ANNUAL REPORT 2013
operation by 2014; and a production expansion project
established portfolio management for growth balance
at Sak Chaisidhi Co., Ltd., where production capacity will
of returns on investment, profit growth, proportion of
be expanded for hydrocarbon and aromatic solvents from
sustainable income, and financial discipline.
76 to 143 KTA to accommodate market expansion in AEC countries, due for commercial operation by Q4/2014.
Corporate Governance, Social Responsibility, and Stakeholder Stewardship
Meanwhile, LABIX Co., Ltd. —a joint venture with Mitsui & Co. Ltd. was established to add value to benzene by furthering it to benzene derivatives called Linear Alkyl Benzene (LAB). All processes are linked together to the production structure of Thaioil Group, thus enabling full synergy; commercial production is set to begin in 2015.
Thanks to its business processes and activities, Thaioil Group commands management excellence, with extensive acceptance among the business and industrial sectors. This year it was ranked, according to Platts Top 250 Global Energy Company Ranking for 2013, at No. 38 in Asia and No. 136 worldwide. The information disclosure in its
In the ethanol business, Ubon Bio Ethanol Co., Ltd., began
sustainability report under Global Reporting Initiative (GRI)
commercial, fuel-grade ethanol production as planned with
version 3.1, earned ‘A’ ranking for the group. It also won
a capacity of 400,000 liters per day.
for the second consecutive year the following awards
As for the power business, Global Power Synergy Co., Ltd. (GPSC), issued 6 billion Baht’s worth of recapitalization shares to buy or transfer shares in seven power companies owned by PTT International Co., Ltd. (PTTI) and PTT
presented by Alpha Southeast Asia, the first and only investment magazine with a focus on Southeast Asian banking and capital markets: >>
International Holdings Limited (PTTIH), worth 7.269 billion
The Strongest Commitment to Sustainable Energy in Southeast Asia
Baht altogether. Thaioil and Thaioil Power Co., Ltd., bought
>>
The Strongest Adherence to Corporate Governance
such recapitalization shares from GPSC as allocated for
>>
The Best Strategic CSR
a total investment of 2.375 billion Baht to maintain their shareholding ratio and raise their profit portion from the
The Group recognized the value of safety and environmental
power business, regarded as a sound, secure business with
stewardship, evident in its winning Thailand Energy Awards
healthy returns. In addition, the company founded TOP SPP
for the sixth time this year. In 2013, Thaioil earned an
Co., Ltd., to manage its own SPP with a total capacity of
outstanding award for off-grid alternative energy for its
239 megawatts, efficiently and for its best interests.
project on biogas from rubber production and household
Commissioning and sale are projected for 2016.
waste promoting toxin-free homegrown vegetation at Mak
Meanwhile, Thaioil Marine Co., Ltd., restructured its business from serving oil transport and shipping to a shipping fleet with specialized expertise in a variety of vessels, particularly
Noi Island, Phang-Nga province. Based on sustainable development, this project focused on collective thinking and implementation together with communities. In addition,
large ones, to strive for business allies and raise its service
Thai Lube Base Plc., a group affiliate, won an award for its
standard efficiency. To this end, the company expanded
Zero Accident Project for the year.
its fleet by securing very large crude carriers (VLCCs) and crew boats.
A leading regional refining and petrochemical businesses with excellence, Thaioil Group has focused on improving its
Finally, to ensure sustainable growth and bolster confidence
Corporate Governance (CG) standard all along through
among shareholders and stakeholders, Thaioil Group
clear action plans, goal-based management, and ethical