On February 24, 2025, Bangchak Sriracha Public Company Limited (BSRC) reached a significant milestone by delivering Thailand’s first load of B24 Marine Biofuel. The historic event took place at Laem Chabang Port, Sriracha, Chonburi, marking a pivotal step in the nation’s pursuit of sustainable energy solutions for the maritime industry. This breakthrough reinforces BSRC’s position as a global leader in sustainable marine fuels.
The delivery of 470 metric tons (MT) of B24 Marine Biofuel was made to the NYK Line’s Vessel IRIS LEADER at Laem Chabang Port. This significant step demonstrates BSRC’s commitment to offering sustainable alternatives to conventional marine fuels and plays a crucial role in the industry’s efforts to reduce carbon emissions.
Key Figures in the Delivery Event
The delivery was attended by several key figures from Bangchak Corporation Public Company Limited. Among them were Mr. Chaiwat Kovavisarach, Group Chief Executive Officer and President of Bangchak Corporation; Mrs. Gloyta Nathalang, Senior Executive Vice President of Sustainability Management and Corporate Communications; and Mr. Anuwat Rungruangrattanagul, Director and Acting Chief Executive Officer of BSRC.
Also present were Mr. Koyama Kenji, Executive Officer of NYK Trading Corporation, Japan, and Mr. Takanori Kokubu, Senior Sales Manager at NYK Trading Corporation. These executives highlighted the importance of this momentous achievement for both BSRC and the global maritime industry in the transition toward cleaner, more sustainable fuels.
A Sustainable Innovation for the Maritime Industry
BSRC’s B24 Marine Biofuel is a low-emission, innovative fuel solution composed of 24% UCOME (Used Cooking Oil Methyl Ester) blended with 0.5% Very Low Sulfur Fuel Oil (VLSFO). Not only does this biofuel offer a direct replacement for traditional fossil fuels, but it also provides a sustainable and practical way to reduce carbon emissions in the maritime sector. The B24 biofuel can be used without requiring any modifications to ship engines or fueling infrastructure, making it a seamless transition for shipping companies. This product is already attracting attention from major shipping companies, particularly those based in Japan, highlighting its growing appeal in the industry.
Certification and Global Leadership
The B24 Marine Biofuel has earned certification under the International Sustainability and Carbon Certification (ISCC EU) standard, ensuring its credentials as a truly sustainable and eco-friendly fuel option. With this certification, BSRC has officially entered the market as a supplier of sustainable marine biofuels, further solidifying its leadership role in the global shift towards cleaner energy alternatives in shipping.
Message from the Leadership
On November 14, 2023, we marked the beginning of a new chapter for Bangchak Sriracha as we committed ourselves to the strategic direction outlined in Bangchak Group’s business development plan. This milestone represents our dedication to balancing energy needs with sustainable business practices, while maintaining our responsibility to all stakeholders. As we move forward, we are confident that these commitments will guide us toward continued growth and success. – Mr. Suthep Wongvorazathe, Chairman of the Board of Directors
The Growing Demand for Sustainable Marine Fuels
The demand for sustainable marine fuels has been rapidly increasing as the global maritime industry faces heightened pressure to reduce its carbon footprint. BSRC’s B24 Marine Biofuel is an immediate, viable solution that helps shipping companies meet environmental goals and regulatory standards without disrupting existing operations. This product represents a significant step forward in achieving a cleaner, greener future for global shipping.
About Bangchak Sriracha Public Company Limited (BSRC)
Bangchak Sriracha Public Company Limited is a leading integrated petroleum refining and distribution business based in Sriracha, Chonburi Province. The company operates a complex refinery with a capacity of 174,000 barrels per day and is supported by a network of 100 crude and finished oil tanks.
In addition to its refinery operations, BSRC manages an aromatics plant capable of producing 500,000 tons of Paraxylene annually and a solvent production unit with a capacity of 50,000 tons per year. BSRC serves a broad range of customers, including retail consumers through its “Bangchak” service stations, and commercial clients in the industrial, wholesale, aviation, and marine sectors.