Bangchak Corporation has signed an agreement to acquire Chevron Hong Kong Limited, a company with diverse energy businesses including 31 Caltex service stations. This strategic move aims to expand Bangchak's presence in the Asia-Pacific region.

The acquisition strengthens Bangchak's international footprint, enhances its retail and marine fuel capabilities, and prepares its Thai refinery business for long-term capacity management. It leverages Hong Kong's stable economic environment and logistics hub status.