Strategy and core values
A message from the CEO
William Lewis Stone
Mr. Timothy Alan Potter
Director and Chief Executive Officer

I would personally like to welcome you to the SPRC Family.

As previously announced, Mr. William Lewis Stone (Bill) had elected to resign his position from and I have assumed the role of SPRC Director and Chief Executive Offers effective April 6th, 2018. Bill had been a cherished SPRC family member for many years and under his leadership SPRC has prospered. Join me in wishing Bill best of luck on his new endeavors.

SPRC is a special kind of refining company. We have a strong “ONE FAMILY” Culture that is the foundation for everything we do. Our Family includes our stakeholders, employees, contractors, customers, vendors, community, government, and of course our shareholders. We care for the safety, well-being, and success of our entire SPRC Family, just as we care for our own families at home.

Our success is dependent on and results from, the values and relationships our One Family develops. Working together we’ve developed a commitment to excellence that allows us to sustain the highest levels of performance. Our strategy is to… “Set the Standard” in everything we do with our primary goals being...Set the Standard as Employer of Choice in Thailand, Set the Global Standard for Operational Excellence, and Set the Asia Pacific Standard for Shareholder Return.

The cornerstone for laying the foundation of Setting the Standard is our passionate commitment to personal and process safety. Our One Family works tirelessly to ensure that everyone goes home safely each day, and stays safe at home as well. We have built a culture that accepts nothing less than being injury and incident free. I am proud to say that SPRC has achieved over 15.7 million man hours without days away from work injury since June of 2013. We have had similar success in process safety.

As a result of our successful focus on personal and process safety, we have achieved impressive performance in all areas of Operational Excellence including reliability, utilization and environmental protection. Over the last few years, we ranked near the top of the best performers in the Asia-Pacific region in reliability and utilization.

In order to Set the Standard as Employer of Choice, SPRC is developing world-class leaders and providing training and development opportunities for our staff, creating a highly-engaged, high performance Family. We Set the Standard for Shareholder return through our Bottom Line Improvement Program which focusses on capturing increased margin and drives superior financial results. Our commitment to our customers is evident through our “Crude to Customer” initiative that ensures that the quality of our product deliveries meets or exceeds our customer expectations.

SPRC has been producing transportation fuels and other petroleum products for the Thai domestic market for 20 years. Our primary products are gasoline, jet fuel, and diesel. With a current capacity of 165,000 barrels/day, we provide about 13% of the refining capacity in Thailand and supply about one third of the domestic gasoline demand.

SPRC plans to continue to provide the fuels that power the financial growth of Thailand well into the future. We recognize that to do this, we must have a good balance between expansion, financial performance, stewardship of the environment, and social development. With our commitment to a long-term balance of these objectives, we have incorporated Sustainable Development concepts into all of our work practices, procedures and decision making.

At SPRC, corporate governance is deeply embedded in our One Family culture and our approach to engaging with all of our stakeholders. Indeed, a large part of our success as an organization is dependent on our reputation for transparency, honesty and fair dealing and is firmly rooted in the integrity of our management and staff.

I am confident that the power of our highly engaged Family will continue to drive SPRC’s success and allow us to Set the Standard for the refining business, and achieve our vision of being:

Welcome to the SPRC family.