Thai Oil
Thai Oil Public Company Limited, commonly referred to as Thai Oil, is a leading player in the energy sector, headquartered in Thailand. Established in 1961, the company has grown to become a significant force in refining and petrochemical production, primarily serving the Southeast Asian market. Thai Oil operates a state-of-the-art refinery in Sriracha, Chonburi, which is one of the largest in the region. The company’s core offerings include high-quality petroleum products, lubricants, and petrochemical derivatives, distinguished by their commitment to sustainability and innovation. With a strong market position, Thai Oil has achieved numerous accolades for its operational excellence and environmental initiatives, solidifying its reputation as a responsible industry leader. The company continues to focus on enhancing its product portfolio while contributing to Thailand's energy security and economic development.
DitchCarbon Score
How does Thai Oil's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Petroleum Coke industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Thai Oil's score of 15 is lower than 83% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Thai Oil's reported carbon emissions
In 2023, Thai Oil reported carbon emissions of approximately 3,380,000,000 kg CO2e from Scope 1, with an additional 8,244,000 kg CO2e from Scope 2 emissions. This marks a slight increase from 2022, where emissions were about 3,260,000,000 kg CO2e for Scope 1. The company has consistently reported zero emissions for Scope 2 in previous years, indicating a focus on direct emissions from operations. Over the years, Thai Oil's Scope 1 emissions have fluctuated, with the highest recorded in 2016 at approximately 3,650,000,000 kg CO2e. The company has not disclosed any specific reduction targets or initiatives under the Science Based Targets initiative (SBTi) or other climate pledges, suggesting a need for clearer commitments in addressing climate change. Thai Oil's emissions profile also includes significant Scope 3 emissions, particularly from fuel and energy-related activities, which reached approximately 2,298,400,000,000 kg CO2e in 2016. This highlights the importance of addressing indirect emissions in their overall climate strategy. The company has reported greenhouse gas intensity metrics, with Scope 1 and 2 emissions intensity at about 31.0 kg CO2e per barrel of oil equivalent in recent years. As Thai Oil continues to navigate its environmental impact, establishing concrete reduction targets and enhancing transparency in its climate commitments will be crucial for aligning with global sustainability goals.
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| 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 2,420,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 2 | - | - | - | - | - | - | - | - | - | 0,000,000 |
| Scope 3 | - | - | 0,000,000,000,000 | 0,000,000,000,000 | 0,000,000,000,000 | 0,000,000,000,000 | 00,000,000,000 | 00,000,000,000 | - | - |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Thai Oil is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
