Bangchak Welcomes USC MBA Students for Exchange on Energy Transition

Mrs. Gloyta highlighted the challenges of today's energy system, particularly in light of current tensions in the Middle East, which are affecting supply chains and energy prices. She noted that it is not possible to simultaneously optimize energy security, affordability, and sustainability, as every decision involves trade-offs depending on context and timing. This frames the concept of the "Energy Trilemma," which reflects the need to balance these three dimensions in a rapidly evolving global environment.

In response to these challenges, Bangchak Group has been advancing its energy transition by building on its core strengths, refining, marketing network, and biofuels, towards a more diversified and integrated energy portfolio spanning upstream to downstream, including lower-carbon energy. At the same time, the Group has expanded its investments regionally and internationally, resulting in significant growth in both business scale and financial performance.

A key area of interest among the students was how energy companies navigate the transition while maintaining resilience and creating new growth opportunities. Within this context, Sustainable Aviation Fuel (SAF) was discussed as a practical pathway for the aviation sector, building on existing infrastructure and value chains developed by the company.

Students also engaged in discussions on business decision-making under multiple constraints, as well as the role of energy companies in managing uncertainty and shaping long-term growth, including pathways towards the company's Net Zero target by 2050.

The visit reflects Bangchak's commitment to fostering academic collaboration and providing students with real-world learning opportunities, covering business growth, investment strategies, and how the company is navigating the energy transition.

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