Thai Petroleum Pipeline Co (Thappline) said it will increase its registered capital by 1.3 billion baht to 4.18 billion baht to help finance the laying of a jet-fuel feeder pipeline to Suvarnabhumi Airport. (US$1=42 baht). The capital increase has been approved by the board.
Managing Director Sunthorn Supapa said the company is trying to identify the best route for the pipeline to supply aviation fuel to Bangkok Aviation Fuel Services Plc (Bafs). The project’s environmental impact assessment study is due by end June.
Since its inauguration in 1994, Thappline has achieved four million man-hours without disruption of routine operations. Last year, it delivered 7.7 billion litres of jet fuel, up 6% from 2001 and saw pre-tax revenue grow by 9% to 1.15 billion baht.
Mr Sunthorn said he expects this year’s sales volume to major clients such as PTT Plc, Esso, Shell, Caltex, Thai Oil Plc, Q8 and BP.to rise by at least 5%.
The company operates oil pipeline services from its Si Racha, Chon Buri, pump station to Lam Luk Ka and Saraburi depots, with links to Bangkok International Airport at Don Muang.