Bio-based boost for mobility: Bangchak’s HVO and SAF push takes shape

Bangkok-based energy group Bangchak is ramping up its biofuel ambitions, securing feedstock for hydrotreated vegetable oil (HVO) and sustainable aviation fuel (SAF) at its Bangkok refinery. The move puts a concrete product focus on low-carbon diesel and jet fuel for Thai transport and aviation.

Edited by ad hoc news New Releases & Launches Desk. Reviewed before publication on 06/16/2026 at 8:35 AM ET. Details in the imprint.

Bangchak is sharpening its biofuel strategy with a focused push into hydrotreated vegetable oil (HVO) diesel and sustainable aviation fuel (SAF), built around new feedstock supply for its Bangkok refinery and growing demand from Thai transport and aviation operators. The company is positioning its HVO as a lower-carbon diesel substitute and SAF as a drop-in alternative to conventional jet fuel for airlines serving Thailand’s main hubs.

How Bangchak’s HVO and SAF products fit into Thailand’s fuel mix

Bangchak has long operated as a vertically integrated energy group in Thailand, running a complex refinery in Bangkok and a national fuel retail network, and in 2022 it started producing commercial batches of HVO and SAF derived from used cooking oil and vegetable oils at its biorefinery unit. According to Bangchak’s latest sustainability and annual disclosures, the company’s biofuel production is integrated into its existing refinery, enabling co-processing and dedicated production of HVO for road transport and SAF for aviation rather than relying solely on conventional fossil feedstock. Bangchak’s low-carbon business overview describes the HVO and SAF streams as key growth pillars.

HVO is a paraffinic diesel produced by hydrotreating triglyceride feedstocks such as used cooking oil, waste fats or vegetable oils, resulting in a fuel with high cetane number, virtually no sulfur and reduced lifecycle greenhouse gas emissions compared with fossil diesel. For Thai motorists, the practical benefit is that HVO can be blended with conventional diesel and used in existing compression-ignition engines without modifications, providing a pathway to decarbonize heavy-duty trucks and buses while maintaining compatibility with current vehicle fleets. In parallel, Bangchak’s SAF is designed as a drop-in jet fuel that meets international aviation specifications, allowing airlines to blend it with Jet A-1 and reduce their reported emissions per passenger-kilometer on routes into and out of Bangkok’s airports.

The company recently signed a feedstock agreement to secure supplies for its HVO and SAF production lines, underscoring that it is moving beyond pilot scale and into more stable, commercialized output. Sector reporting on the agreement highlights that Bangchak is seeking long-term access to waste-based feedstocks, which are favored under many international sustainability schemes and command premium value because they avoid direct competition with food crops. Industry outlet ship.energy reports that Bangchak has signed a feedstock agreement specifically to support HVO and SAF production at its facilities.

On the demand side, Thailand’s transport and aviation sectors are under pressure to curb emissions while keeping costs manageable, and bio-based fuels are one of the few options that can be deployed within existing infrastructure. Bangchak already supplies conventional diesel and gasohol blends via its service stations, and its public retail price postings for Bangkok show daily adjustments reflecting global oil movements and domestic tax policy, a framework into which HVO blends could be integrated for commercial fleets as supply scales up. The company’s official oil price page lists current pump prices for its fuel grades in Bangkok. For airlines, initial SAF uptake often starts with low blend ratios on select routes, and producers such as Bangchak typically work with carriers and airport fuel handlers to manage logistics, certification and documentation for emissions reporting.

Strategically, HVO and SAF give Bangchak a way to diversify its product slate away from purely fossil fuels while using its existing refining expertise, storage and distribution assets. The bio-based streams sit alongside the group’s other low-carbon initiatives, including power generation and renewables, and management has flagged them as part of its long-term decarbonization plan and response to tightening climate policies in Thailand and key customer markets. For investors, the scale and profitability of these fuels will depend on factors such as feedstock availability, policy incentives, carbon pricing and the willingness of airlines and logistics operators to pay a premium for lower-emission fuels. Shares of Bangchak (TH0017010008) last traded on the Stock Exchange of Thailand at THB 31.75 on 06/14/2026.

Bangchak HVO and SAF in brief: the hard facts

• Product: Bangchak hydrotreated vegetable oil (HVO) diesel and sustainable aviation fuel (SAF)
• Manufacturer: Bangchak Corporation Public Company Limited
• Category: New Release/Launch - low-carbon transport and aviation fuels
• Launch date: Initial commercial production from 2022 onward, with feedstock agreement reported in June 2026
• MSRP / Price: Not quoted as a consumer list price; sold via commercial fuel supply contracts and, in future, potential blends at retail
• Availability: Produced at Bangchak’s Bangkok refinery complex for supply to Thai road transport operators and airlines through wholesale and airport fuel channels
• Target audience: Commercial road fleets, logistics providers and airlines seeking lower lifecycle greenhouse gas emissions without replacing existing vehicles or aircraft
• Key differentiator / USP: Waste- and bio-based feedstock HVO and SAF integrated into an existing Thai refinery, enabling drop-in lower-carbon fuels for both diesel engines and jet aircraft

This article was a.i.-assisted and editorially reviewed. Product information without warranty; prices and availability may change at short notice. Not investment advice and not a buy or sell recommendation. Trading involves risk up to and including the total loss of invested capital.