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 20 is lower than 59% 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 total carbon emissions of approximately 3,380,000,000 kg CO2e, with Scope 1 emissions accounting for the majority at about 3,380,000,000 kg CO2e and Scope 2 emissions at approximately 8,244,000 kg CO2e. This represents a slight increase from 2022, where emissions were about 3,260,000,000 kg CO2e for Scope 1, with no reported Scope 2 emissions. Thai Oil has set ambitious climate commitments, aiming to reduce greenhouse gas emissions by 15% from a base year of 2026 by 2035. The company is targeting carbon neutrality by 2050 and net zero greenhouse gas emissions by 2060, through the implementation of its Net Zero GHG Emissions Strategy. The company has not disclosed any Scope 3 emissions data, which is significant given the potential impact of upstream and downstream activities on overall emissions. Thai Oil's emissions data is not cascaded from any parent organization, indicating that the figures are independently reported. Overall, Thai Oil is actively working towards substantial emissions reductions while maintaining transparency in its reporting practices.
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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 | 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.
