Thai Oil flags CDU-4 start-up in Q2 2027, full clean fuels project COD in Q3 2028 investor deck shows
Reuters2026/08/24 06:21- Thai Oil outlined its Clean Fuels Project timeline, targeting CDU-4 start-up in Q2 2027 and full start-up in Q3 2028.
- EPCM progress reached 30.63% in Jun 2026, exceeding plan, with commissioning focus on the CFP-4 complex utilities.
- Refinery utilization ran at 107% in Q2 2026, versus 113% in Q1 2026, reflecting a planned CDU-1 maintenance shutdown.
- Net profit fell to THB 8.28 billion in Q2 2026 from THB 19.48 billion in Q1 2026, driven by inventory losses.
- ICBL limits with PTT were revised to THB 20 billion for the loan agreement, up from THB 2.1 billion.
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