in the foreseeable future. This will put the company in a position to add product value and increase revenue. The launch of EURO 5 standard corresponded with the regional trend linked to the global market, contributes to the country’s energy security and sustainability. More widespread use of EURO 5-compliant fuels also helped reduce airborne PM2.5 and carcinogenic pollutants. IRPC oil refinery has been producing low-sulfur fuels under Euro 5 standard since December 25, 2023. Petrochemical Business IRPC is a producer of upstream petrochemical products, namely olefins and aromatics, which are mainly used as feedstocks for the company’s downstream petrochemical manufacturing, consisting of polyolefin-type plastic pellets (HDPE, PP) and styrenic-type pellets (ABS/SAN, PS, EPS) for sale to manufacturers of finished plastic products in Thailand and overseas under the brand POLIMAXX. In the meantime, the petrochemical business continues to forge ahead, adapting to the fast-changing world in terms of environmental standards and evolving production technologies. IRPC’s research and development efforts have yielded a crop of new and innovative products to increase its competitiveness. These include Bio Composite Resin, Acetylene Black for Li-ion Battery (Pim-L, Pim-AL), Ultra High Molecular Weight Polyethylene (UHMW-PE), PP Spunbond, and PP Meltblown, etc. The implementation of the Eco Solution management approach in a Closed-Loop plastic supply chain, incorporating efficient and sound recycling at all stages of production. Thus eliminating manufacturing waste that would otherwise become a burden to the community and society at large. Supporting Businesses Power and Utilities IRPC provides electricity, steam, infrastructure, utilities as well as wastewater treatment and other services, with an emphasis on service reliability in support of clients in the IRPC industrial zone to ensure uninterrupted business operations. The company produces, distributes and provides electrical and industrial steam systems along with utilities as follows: Electrical and Steam Systems IRPC operates a mainly gas-fired power and steam plant, and is in the process of decommissioning a coal-fired power plant in line with our future operational plan and the government’s environmental policy. The company’s total generating capacity of approximately 323 megawatts. This, when combined with the generating capacity of IRPC Clean Power (IRPCCP), a joint venture between IRPC and GPSC, to be completed within 2024, will amount to total generating capacity of approximately 396 megawatts. In addition, the company also operates a Power Dispatching Center to control the distribution of electricity and steam to ensure uninterrupted power even in the event of contingency, such as maintenance outage. To promote alternative energy development, IRPC also installed a Floating Solar Farm in its 200-rai reservoir. The solar farm, which has a total generating capacity of 21 megawatts, enhances the stability of power distribution in IRPC Industrial Zone, and represents an eco-friendly innovation that not only increases business opportunities but also mitigates the impacts of global warming. The company is also exploring investments in other renewable energy projects, such as solar farm and solar rooftop, to add about 43 megawatts in generating capacity, to align with Net Zero policy. Water System: Filtered Water, Demineralized Water, Cooling Water, Raw Water, Fire-fighting Water IRPC receives raw water under industrial quota from the Royal Irrigation Department and operates 2 water filtration plants located in Ban Khai District. and IRPC Industrial Zone. Thus ensuring stable supply and operational continuity. A plan to increase production capacity is being developed to accommodate growth in number of industrial clients in the future. Pneumatics: Nitrogen, Instrument Air, Plant Air IRPC operates its own industrial pneumatic system as well as works in direct partnership with leading manufacturers of industrial pneumatic systems. 65 Structure and Business Operations of IRPC 56-1 ONE REPORT 2023
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