Latest news with #OR
Bangkok Post
4 days ago
- Business
- Bangkok Post
Biofuel for ships yields promise
Major energy companies are interested in launching biofuel for ships as demand for this cleaner fuel is expected to rise, following a requirement issued by the International Maritime Organisation (IMO). Ship operators are required to incorporate a percentage of biofuel, ranging from 17.6%-23.3%, into their fuel mix by 2028 to avoid penalties. This offers business opportunities, with energy conglomerate Bangchak Group and national oil and gas conglomerate PTT Plc launching ventures producing and selling biofuel for aircraft, also known as sustainable aviation fuel. The Department of Energy Business also wants to promote biofuel for ships and is looking into how the shipping industry will develop, said director-general Sarawut Kaewtathip. Although the price of very low sulphur fuel oil (VLSFO), a type of clean fuel suitable for ships, is much more expensive than heavy fuel oil, which is widely used among ships, the price of VLSFO is expected to decline in the future as production levels increase, he said. PTT Oil and Retail Business Plc (OR), a subsidiary of PTT, has announced its cooperation with Regional Container Lines Plc, a Thai shipping company, to support usage of what they call "bio-VLSFO". This fuel aligns with the IMO's plan to reduce emissions of sulphur oxide. OR plans to distribute bio-VLSFO, which is made by combining VLSFO with used cooking oil through a refining process, said Paisan Udomkulwanich, OR's senior executive vice-president for energy solution business. Regional Container Lines will use bio-VLSFO supplied by OR. Bangchak is also embarking on a new business selling a form of biofuel for ships, which the company calls "B24" marine biofuel. The company earlier this year delivered 470 metric tonnes of B24 to NYK Trading Corporation at Laem Chabang deep-sea port in Chon Buri. B24, produced by Bangchak's subsidiary BSRC at Bangchak Sriracha Refinery, is a mix of 24% used cooking oil methyl ester and 76% VLSFO. Used cooking oil methyl ester is a type of biodiesel produced from waste cooking oil. B24 is a low-emission biofuel that can directly replace fossil fuels without requiring modifications to ship engines or fuelling infrastructure, according to Bangchak.
Malay Mail
08-07-2025
- Business
- Malay Mail
PTT Oil and Retail Business Posts Record Q1 2025 Profit, Extends Regional Growth with ESG-Led Expansion
M.L. Peekthong Thongyai, CEO of OR, presents Q1/2025 results and strategic vision for regional and sustainable growth. BANGKOK, THAILAND - Media OutReach Newswire - 8 July 2025 - PTT Oil and Retail Business Public Company Limited (OR), the retail and lifestyle arm of Thailand's PTT Group, reported record earnings for the first quarter of 2025, signaling strong momentum from its cross-border expansion and ESG-driven strategy across energy and lifestyle company posted THB 182.4 billion in revenue for the quarter, with net profit rising to THB 4.38 billion—a 46% increase from the previous quarter and 17.6% higher year-on-year. EBITDA climbed to THB 6.48 billion, up 32.7% quarter-on-quarter and 5.0% year-on-year, driven by gains in its Global and Lifestyle businesses alongside cost discipline and margin improvements in key gross profit per liter and operational efficiency, particularly in Laos, the Philippines, and Cambodia, helped lift EBITDA by THB 311 million compared to the same period last year. Consumer resilience and sharper cost control also buoyed margins in OR's Lifestyle segment. While Mobility margins were pressured by softer spreads—especially in aviation fuel—overall performance held firm on reduced personnel and outsourcing investment gains added THB 657 million, contributing to the bottom line and further affirming the group's diversified growth engine."This quarter's performance reflects the resilience of our business model and the clarity of our long-term direction," said M.L. Peekthong Thongyai, Chief Executive Officer of OR. "We are expanding with purpose—delivering value for people, prosperity for communities, and care for the planet."At the center of that strategy is OR's People-Performance-Planet framework, which underpins its approach to investment, innovation, and regional expansion of EV Station PluZ, now present in all 77 provinces of Thailand, underscores the company's commitment to clean mobility. At the same time, OR's signature brand Café Amazon continues to scale across Southeast Asia, with 391 outlets outside Thailand and over 112 million cups sold in Q1 Global Business segment reported a 30.8% year-on-year increase in sales volume, with EBITDA rising 81.5%. The company now operates 415 PTT Stations and 391 Café Amazon outlets across Asia, including Cambodia, Laos, Philippines, Vietnam, Malaysia, Oman, Saudi Arabia, Bahrain, and Japan"This isn't just about selling fuel or coffee," Peekthong said. "It's about building platforms that empower local economies, foster entrepreneurship, and deliver long-term, sustainable growth."The strategy echoes OR's "They Grow, We Grow" philosophy, which emphasizes empowering local partners as the foundation of international the energy sphere, OR continues to sharpen its lifestyle and digital businesses. Non-oil operations contributed 27.5% of Q1 EBITDA, led by strong performance in retail, food & beverage, and franchising. The company is also investing in circular economy models, digital platforms, and sustainable products to reinforce long-term value ahead, OR is positioning for entry into the virtual banking sector, leveraging its wide-reaching commercial network and extensive customer database to offer personalized, accessible financial services. The move is seen as a natural extension of its strategy to become a daily-life platform for company's financial health remains solid. TRIS Rating reaffirmed OR's corporate credit rating at AA+ with a stable outlook for the third consecutive year, reflecting both financial discipline and strategic with that momentum, OR is pushing deeper into ASEAN and new frontier markets through a blend of organic expansion, joint ventures, and strategic alliances. The ambition to transform from a national champion into a future-ready regional enterprise at the nexus of energy, retail, and #OR The issuer is solely responsible for the content of this announcement. About OR PTT Oil and Retail Business Public Company Limited (OR) is a leading Thai energy and retail company with operations across 10 countries. OR operates through four core business groups: Mobility Business, providing energy solutions via PTT Station, PTT Lubricants, PTT LPG, and EV Station PluZ; Lifestyle Business, featuring Café Amazon, one of Asia's largest coffee chains, along with convenience stores and space management; Global Business, driving international growth with over 415 PTT Stations and 391 Café Amazon outlets; and OR Innovation Business, developing new ventures and sustainable solutions through technology and innovation.
The Sun
08-07-2025
- Business
- The Sun
PTT Oil and Retail Business Posts Record Q1 2025 Profit, Extends Regional Growth with ESG-Led Expansion
BANGKOK, THAILAND - Media OutReach Newswire - 8 July 2025 - PTT Oil and Retail Business Public Company Limited (OR), the retail and lifestyle arm of Thailand's PTT Group, reported record earnings for the first quarter of 2025, signaling strong momentum from its cross-border expansion and ESG-driven strategy across energy and lifestyle verticals. The company posted THB 182.4 billion in revenue for the quarter, with net profit rising to THB 4.38 billion—a 46% increase from the previous quarter and 17.6% higher year-on-year. EBITDA climbed to THB 6.48 billion, up 32.7% quarter-on-quarter and 5.0% year-on-year, driven by gains in its Global and Lifestyle businesses alongside cost discipline and margin improvements in key segments. Higher gross profit per liter and operational efficiency, particularly in Laos, the Philippines, and Cambodia, helped lift EBITDA by THB 311 million compared to the same period last year. Consumer resilience and sharper cost control also buoyed margins in OR's Lifestyle segment. While Mobility margins were pressured by softer spreads—especially in aviation fuel—overall performance held firm on reduced personnel and outsourcing costs. Equity investment gains added THB 657 million, contributing to the bottom line and further affirming the group's diversified growth engine. 'This quarter's performance reflects the resilience of our business model and the clarity of our long-term direction,' said M.L. Peekthong Thongyai, Chief Executive Officer of OR. 'We are expanding with purpose—delivering value for people, prosperity for communities, and care for the planet.' At the center of that strategy is OR's People-Performance-Planet framework, which underpins its approach to investment, innovation, and regional growth. The expansion of EV Station PluZ, now present in all 77 provinces of Thailand, underscores the company's commitment to clean mobility. At the same time, OR's signature brand Café Amazon continues to scale across Southeast Asia, with 391 outlets outside Thailand and over 112 million cups sold in Q1 alone. OR's Global Business segment reported a 30.8% year-on-year increase in sales volume, with EBITDA rising 81.5%. The company now operates 415 PTT Stations and 391 Café Amazon outlets across Asia, including Cambodia, Laos, Philippines, Vietnam, Malaysia, Oman, Saudi Arabia, Bahrain, and Japan 'This isn't just about selling fuel or coffee,' Peekthong said. 'It's about building platforms that empower local economies, foster entrepreneurship, and deliver long-term, sustainable growth.' The strategy echoes OR's 'They Grow, We Grow' philosophy, which emphasizes empowering local partners as the foundation of international expansion. Outside the energy sphere, OR continues to sharpen its lifestyle and digital businesses. Non-oil operations contributed 27.5% of Q1 EBITDA, led by strong performance in retail, food & beverage, and franchising. The company is also investing in circular economy models, digital platforms, and sustainable products to reinforce long-term value creation. Looking ahead, OR is positioning for entry into the virtual banking sector, leveraging its wide-reaching commercial network and extensive customer database to offer personalized, accessible financial services. The move is seen as a natural extension of its strategy to become a daily-life platform for consumers. The company's financial health remains solid. TRIS Rating reaffirmed OR's corporate credit rating at AA+ with a stable outlook for the third consecutive year, reflecting both financial discipline and strategic continuity. Armed with that momentum, OR is pushing deeper into ASEAN and new frontier markets through a blend of organic expansion, joint ventures, and strategic alliances. The ambition to transform from a national champion into a future-ready regional enterprise at the nexus of energy, retail, and sustainability.
Zawya
08-07-2025
- Business
- Zawya
PTT Oil and Retail Business Posts Record Q1 2025 Profit, Extends Regional Growth with ESG-Led Expansion
BANGKOK, THAILAND - Media OutReach Newswire - 8 July 2025 - PTT Oil and Retail Business Public Company Limited (OR), the retail and lifestyle arm of Thailand's PTT Group, reported record earnings for the first quarter of 2025, signaling strong momentum from its cross-border expansion and ESG-driven strategy across energy and lifestyle verticals. The company posted THB 182.4 billion in revenue for the quarter, with net profit rising to THB 4.38 billion—a 46% increase from the previous quarter and 17.6% higher year-on-year. EBITDA climbed to THB 6.48 billion, up 32.7% quarter-on-quarter and 5.0% year-on-year, driven by gains in its Global and Lifestyle businesses alongside cost discipline and margin improvements in key segments. Higher gross profit per liter and operational efficiency, particularly in Laos, the Philippines, and Cambodia, helped lift EBITDA by THB 311 million compared to the same period last year. Consumer resilience and sharper cost control also buoyed margins in OR's Lifestyle segment. While Mobility margins were pressured by softer spreads—especially in aviation fuel—overall performance held firm on reduced personnel and outsourcing costs. Equity investment gains added THB 657 million, contributing to the bottom line and further affirming the group's diversified growth engine. "This quarter's performance reflects the resilience of our business model and the clarity of our long-term direction," said M.L. Peekthong Thongyai, Chief Executive Officer of OR. "We are expanding with purpose—delivering value for people, prosperity for communities, and care for the planet." At the center of that strategy is OR's People-Performance-Planet framework, which underpins its approach to investment, innovation, and regional growth. The expansion of EV Station PluZ, now present in all 77 provinces of Thailand, underscores the company's commitment to clean mobility. At the same time, OR's signature brand Café Amazon continues to scale across Southeast Asia, with 391 outlets outside Thailand and over 112 million cups sold in Q1 alone. OR's Global Business segment reported a 30.8% year-on-year increase in sales volume, with EBITDA rising 81.5%. The company now operates 415 PTT Stations and 391 Café Amazon outlets across Asia, including Cambodia, Laos, Philippines, Vietnam, Malaysia, Oman, Saudi Arabia, Bahrain, and Japan "This isn't just about selling fuel or coffee," Peekthong said. "It's about building platforms that empower local economies, foster entrepreneurship, and deliver long-term, sustainable growth." The strategy echoes OR's "They Grow, We Grow" philosophy, which emphasizes empowering local partners as the foundation of international expansion. Outside the energy sphere, OR continues to sharpen its lifestyle and digital businesses. Non-oil operations contributed 27.5% of Q1 EBITDA, led by strong performance in retail, food & beverage, and franchising. The company is also investing in circular economy models, digital platforms, and sustainable products to reinforce long-term value creation. Looking ahead, OR is positioning for entry into the virtual banking sector, leveraging its wide-reaching commercial network and extensive customer database to offer personalized, accessible financial services. The move is seen as a natural extension of its strategy to become a daily-life platform for consumers. The company's financial health remains solid. TRIS Rating reaffirmed OR's corporate credit rating at AA+ with a stable outlook for the third consecutive year, reflecting both financial discipline and strategic continuity. Armed with that momentum, OR is pushing deeper into ASEAN and new frontier markets through a blend of organic expansion, joint ventures, and strategic alliances. The ambition to transform from a national champion into a future-ready regional enterprise at the nexus of energy, retail, and sustainability. Hashtag: #OR The issuer is solely responsible for the content of this announcement. About OR PTT Oil and Retail Business Public Company Limited (OR) is a leading Thai energy and retail company with operations across 10 countries. OR operates through four core business groups: Mobility Business, providing energy solutions via PTT Station, PTT Lubricants, PTT LPG, and EV Station PluZ; Lifestyle Business, featuring Café Amazon, one of Asia's largest coffee chains, along with convenience stores and space management; Global Business, driving international growth with over 415 PTT Stations and 391 Café Amazon outlets; and OR Innovation Business, developing new ventures and sustainable solutions through technology and innovation. PTT Oil and Retail Business Public Company Limited (OR)
Associated Press
16-06-2025
- Automotive
- Associated Press
PTT Lubricants Accelerates Regional Growth with Innovation and Sustainability at the Core
BANGKOK, THAILAND - Media OutReach Newswire - 16 June 2025 - PTT Lubricants, a flagship business under OR (PTT Oil and Retail Business Public Company Limited), is accelerating its Southeast Asia expansion with a strong focus on innovation, sustainability, and service excellence with 30% market share in Thailand. PTT Lubricants Accelerates Regional Growth with Innovation and Sustainability at the Core PTT Lubricants has a robust presence in both automotive and industrial segments and exports to over 40 countries—including all AEC members, driven by premium products and market-specific strategies. Through out nationwide network, over 190 FIT Auto and FIT Express centers, provides maintenance services and technical support, reinforcing the brand's commitment to quality, trust, and customer satisfaction. 'As global mobility undergoes rapid transformation, we see the great opportunity for Thai innovation to take center stage,' said M.L. Peekthong Thongyai, Chief Executive Officer of PTT Oil and Retail Business Pcl. (OR). 'PTT Lubricants is not only strengthening its position in Thailand but also scaling regionally through world-class R&D, robust logistics infrastructure, and a fully integrated value chain. Our aim is to deliver high-performance lubricants that combine quality, reliability, and sustainability for partners across ASEAN and global markets — contributing to OR's mission of Empowering All toward Inclusive Growth by driving innovation that creates value for businesses, communities, and the broader economy.' As of 2024, over 1.45 billion vehicles are on the roads globally, with 75 million new vehicles sold (OICA; ACEA). EVs reached 17.1 million units—22.7% of new car sales (IEA). While mature markets like the U.S. and Europe face transitional challenges, the long-term EV outlook remains strong. In Southeast Asia, where over 250 million vehicles are registered (ASEANstats), EV adoption is steadily rising. Thailand, the region's EV leader, recorded 45 million vehicles in 2024. A 10% dip in new EV registrations (CEIC Data), signals a healthy market adjustment toward long-term growth. This shift calls for adaptable. PTT Lubricants is leading with future-ready solutions, driving innovations across ICE, hybrid, and EV technologies—including advanced fluids for electric systems. More than keeping pace, the brand is helping shape the future of mobility through innovation, agility, and sustained performance. 'In a fast-evolving automotive landscape, our strategy focuses on delivering value through innovation, performance, and agility,' said Mr. Racha U-Thaichan, Senior Executive Vice President, Lubricants Business, OR. 'While EVs remain a long-term growth direction, demand for internal combustion engines, hybrids, and industrial applications remains significant. We are responding with high-efficiency solutions like PERFORMA Synthetic Hybrid with EVOTEC technology, backed by a smart digital supply chain and expert technical support. With an annual storage and distribution capacity of over 263 million liters, and continuous R&D collaboration with INI (PTT Innovation Institute) , we are well-equipped to support customers through this transition and drive regional growth with confidence.' To support its mission, PTT Lubricants leverages a streamlined digital supply chain powered by fully used OR Eco-system and Intelligent to boost efficiency and speed. Its PTT Lubricants Solutions team offers tailored technical support and after-sales services across industries—creating a value-driven, trust-based ecosystem. Sustainability is central to its strategy. Through the Go Green initiative, PTT Lubricants applies a circular economy model—reducing emissions, installing solar panels, and repurposing waste. In 2024, it transformed 4,900 used lubricant gallons into 100 school desks for rural Thai schools, cutting over 8,000 kg of CO₂ emissions and more than 1,200 kg of plastic waste. This effort earned the Spotlight Day 2024 sustainability award. As Southeast Asia's lubricant sector undergoes change, PTT Lubricants is poised not only to grow market share but to help define the future of mobility—through innovation, trust, and sustainability. Hashtag: #OR #PTTLubricants The issuer is solely responsible for the content of this announcement. About OR PTT Oil and Retail Business Public Company Limited (OR) is a leading Thai energy and retail company with operations across 10 countries. OR operates through four core business groups: Mobility Business, providing energy solutions via PTT Stations, PTT Lubricants, PTT LPG, and EV Station PluZ; Lifestyle Business, featuring Café Amazon, one of Asia's largest coffee chains, along with convenience stores and space management; Global Business, driving international growth with over 422 PTT Stations and 391 Café Amazon outlets; and OR Innovation Business, developing new ventures and sustainable solutions through technology and innovation. Website:
