Thai Oil maintains flagship projectListen to this articleAn aerial view of the oil refinery complex operated by Thai Oil in Chon Buri's Si Racha district. Thai Oil Plc, the country's largest oil refinery by capacity, is pressing forward with its flagship Clean Fuel Project (CFP) despite a significant delay that has pushed the commercial operation date to the third quarter of 2028. In April 2025, Thai Oil terminated its contract with a joint venture of international firms after they failed to pay subcontractors despite receiving full payment. Thai Oil hired Foster Wheeler, a global engineering and construction firm, to complete the remaining work, which was roughly 97% complete as of June last year, according to Bandhit Thamprajamchit, chief executive and president of Thai Oil. Thai Oil will also conduct a feasibility study on the application of naphtha, a byproduct from CFP, in the non-oil business, said Mr Bandhit.

Source: Bangkok Post January 28, 2026 04:21 UTC