First of all , IRPC is a producer of integrated petrochemical products. Its complex consists of an upstream, an oil refinery unit and a downstream petrochemical production. The company's oil refinery unit has the total capacity of 215,000 barrels per day, accounting for 21% of the country's total refining capacity.
The IRPC's production complex is located in an industrial estate managed by the company in Rayong. The estate provides necessary infrastructures that are used to support the production including a deep-sea port, oil storage tanks and a power plant.
IRPC Public Company Limited or IRPC(Company) formerly Thai Petrochemical Industry Public Company Limited or TPI was registered in 1978 by Leophairatana family. TPI had been transformed to a public company limited on October 10, 1994 and listed on the SET on March 17, 1995. IRPC started to produce applications of petroleum and petrochemical products in
1982 and expanded its line of production of various petrochemical products. It expanded the plant and infrastructures for fully integrated petrochemical complex.IRPC was suffered from financial crisis in 1997 and had entered into rehabilitation process in 2000. The rehabilitation was successful in April 26, 2006. IRPC and its subsidiaries are currently the first fully integrated petrochemical complex in Southeast Asia. IRPC's plants are located in an industrial area in Rayong Province with facilities to support the businesses such as deep sea port,tank farm and power plant.
For IRPC Public Company Limited or IRPC(Company)In 2006, the Company procured 68% of crude oil from Saudi Aramco. Supply risk is low as crude oil can be procured from other suppliers.
However, to ensure adequate supply of crude oil in the future, the Company has a policy to procure majority of crude oil through PTT PLC. and the rest from spot market.Issues concerning feedstock
Major crude suppliers in the world market include countries in the Middle East such as Saudi , Arabia, Iran, Oman, Dubai and ountries in the Far East such as Malaysia Indonesia and Brunei.Pricing of crude oil is calculated by referring to the regional benchmark price. Important benchmark prices are as follow :
Finally , IRPC management consists of the Board of Directors and 3 committees including the Executive Committee, the Audit Committee and the Nomination and Remuneration Committee.
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