Top Thai Oil Refiner Hopes Vegan Meat Will Bolster Business

  • Bangchak Corp. says it’s looking for value-added product lines
  • Firm expects 20% profit growth next year in part on ship fuel
Photographer: Andrey Rudakov/Bloomberg
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Bangchak Corp., one of Thailand’s top oil refiners, is targeting the bioplastics and plant-based meat industries to diversify its business.

The move is part of a strategy of focusing on value-added products rather than just commodities sectors, President Chaiwat Kovavisarach said in an interview.