Thaioil partners with Plug and Play to drive innovation

in Smart Manufacturing and Sustainable Future

Recently, Mr.Pongpun Amornvivat (2nd left), Executive Vice President Innovation and Digitalization, Thai Oil Public Company Limited. has received Anchor Partner trophy from Mr.Shawn Dehpanah (2nd right), Executive Vice President and Head of Corporate Innovation APAC, Plug and Play Tech Center. The awards is designed to recognize Thaioil’s venture capital arm “ TOP Ventures” reflects the company’s commitment to its vision to Empower Human Life through Sustainable Energy and Chemicals as it seeks to invest and build partnership with outstanding startup companies around the world in the aspects of  industrial manufacturing innovation, sustainability technology including new energy technologies, as well as focusing on reducing emissions of waste to nature, adaptation of businesses into Thailand 4.0 era. The ceremony was held at Board Room, Thai Oil Public Company Limited, Energy Complex Building, Bangkok                          

Plug and Play, a leading innovation platform, headquartered in Silicon Valley, the United States, has sought to invest in potential startups in order to develop new innovations globally.

Photo Shows (from left): Mr. Luck Saraya, Manager- Corporate Venture Capital, TOP Ventures Co., Ltd.; Mr.Pongpun Amornvivat, Executive Vice President Innovation and Digitalization, Thai Oil Public Company Limited; Mr.Shawn Dehpanah, Executive Vice President and Head of Corporate Innovation APAC,Plug and Play Tech Center; Ms. Tanyatorn Tongwaranan, Program Manager, Plug and Play Tech Center.

For editor

About Thaioil

Thaioil is Thailand’s largest refinery and supplier of petroleum products. Founded in 1961, we operate one of the most efficient refineries in Asia Pacific with the current capacity of 275,000 barrels per day.

Thaioil operates under the Operational Excellence principle, operating as an integrated group of businesses in oil refinery, petrochemicals and lube base oil with supporting businesses, e.g. power generation, solvents, logistics and renewable energy generation, LAB : an intermediate in the production of surfactants, marine and pipeline transportation and storage services of crude, petroleum and petrochemical products, as well as recruitment services for Thaioil and Subsidiaries. Thaioil leads the Thai refinery industry through a well-planned and integrated production process, yielding optimum efficiency. Our products are of high quality, rated in the top quartile of refineries in Asia Pacific, at lower production costs – giving Thaioil a recognized competitive advantage.

About TOP Ventures

TOP Ventures Co., Ltd., an entity under Thaioil Group, is incorporated since 2019. TOP Ventures’ main businesses are a Venture investment in Venture Capital funds and startups, and a Venture partnership with Startups in Thailand and internationally. TOP Ventures is one of the vehicles for Thaioil’s growth strategy to achieve 5-10% of net profit margin from new business in 2030. TOP Ventures continuously invests in Venture Capital funds and startups to cover our 3 focused areas; Industrial Technology, Sustainability Technology, New Mobility and Energy Technology and collaborate with startup partners.

For more information, please contact: