SPRC

Name

SPRC

Website

https://sprc.co.th

Company type

Private

Founded year

1992

Operating status

Operating

Headcount range

251–500 employees

Short description

SPRC is a publicly-listed Thai petroleum refiner that constructs and operates a refinery in Rayong, processing crude oil into transportation fuels for Thailand's domestic and regional markets. The company sells refined products to fuel marketers, industrial buyers, and exporters through standard commodity-margin economics.

Ownership category

akta.pro rank

Product category

Petroleum Refining

NAICS

Petroleum Refineries (324110), Petroleum and Coal Products Manufacturing (324), Pipeline Transportation of Refined Petroleum Products (486910), Petroleum Bulk Stations and Terminals (424710)

SIC

Petroleum Refining (2911), Wholesale-Petroleum Bulk Stations & Terminals (5171)

akta.pro primary industry

Refinery Blending & Product Quality Control (Gasoline/Diesel/Jet Blending, Additives) (EUALAGAJ)

akta.pro secondary industries

Refined Products Pipeline Terminals & Breakout Storage Operations (TLAGABAJ), Liquid Bulk Petroleum Terminals (Crude, Refined Products) (TLAHABAH), Spill Prevention & Release Reporting Compliance (SPCC, FRP, CERCLA/EPCRA Notifications) (EUAHABAD)

Keywords

• Petroleum refining
• Refinery operations
• Oil refining
• Petroleum products
• Energy production

Headquarters

HQ city

Muang Rayong

HQ country

Thailand

HQ region

Asia

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Infrastructure, Others

Core offering

SPRC constructs and operates a petroleum refinery producing refined petroleum products. Headquartered in Muang Rayong, Thailand, the company has been in operation since 1992 and supplies refined fuel products to downstream markets. Its operations center on physical refining of crude oil into finished petroleum products for distribution.

Differentiator

Problem solved

Functional benefit

Products and services

• Refined Petroleum Products

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Direct peers

• IRPC Public Company Limited: IRPC operates an integrated refinery and petrochemical complex in Rayong, the same petrochemical hub as SPRC, with comparable crude throughput, downstream petrochemical integration, and export-oriented product mix.
• Bangchak Corporation Public Company Limited (BCP): Bangchak operates a ~120k bbl/d refinery in Phra Khanong and is one of SPRC's main domestic competitors for Thai gasoline and diesel market share, with overlapping retail and trading operations.
• Esso Thailand (ExxonMobil subsidiary): Esso Thailand operates a refinery in Sriracha and competes directly with SPRC in domestic Thai fuels distribution and retail; integrated upstream-to-refining structure provides useful comparison for margin capture.
• Thai Oil Public Company Limited (TOP): Thai Oil operates the largest refinery in Thailand (Sriracha, ~275k bbl/d capacity) and is the most directly comparable domestic refiner to SPRC's Rayong operations, serving the same domestic fuels market with similar product slate.

Broad incumbents

• PTT Public Company Limited: PTT is Thailand's national oil and gas major and a significant historical shareholder of SPRC, providing a benchmark for integrated Thai energy company valuation, capital allocation, and downstream strategy.
• Reliance Industries Limited: Reliance operates the world's largest refining complex at Jamnagar and serves as a global benchmark for refining scale, complexity, and export-oriented product positioning relevant to SPRC's export fraction.

Regional players

• GS Caltex Corporation: GS Caltex is a major Korean refiner (~800k bbl/d) operating in a similar Asian Pacific fuels market with comparable product slate; relevant regional benchmark for refining cycle exposure and operational efficiency.
• Idemitsu Kosan Co., Ltd. Idemitsu is a major Japanese integrated refiner and petrochemical producer; comparable to SPRC in product complexity, regional Asian market orientation, and exposure to environmental regulation-driven capex.
• SK Energy Co., Ltd. SK Energy is Korea's largest refiner with full integration into petrochemicals and lubricants; provides comparison for an Asian refiner's transition into specialty products and higher-margin downstream activities.
• Formosa Petroleum Industries (Taiwan): Formosa Petroleum is a Taiwan-based refiner serving the regional Asian fuels market with comparable capacity scale; provides a relevant Asian non-Thai benchmark for crack-spread realization and refining margins.

Market position

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about SPRC