IRPC sets out growth visionIRPC's oil refinery facilities in Rayong's Muang district. The IRPC board is expected to approve the new business vision by next month, following several discussions about the new initiative, said Chawalit Tippawanich, president and chief executive of IRPC. The move is in line with a global trend and PTT's plan to speed up growth of the group's new businesses. Under the new business vision, IRPC wants to generate earnings before interest, taxes, depreciation and amortisation (Ebitda) from new businesses at a rate of 25% by 2025, up from zero at present. The company also plans to upgrade its refined oil production under its Ultra Clean Fuel project to meet the Euro 5 emission standard.

Source: Bangkok Post August 30, 2021 00:56 UTC