Oil refining in Thailand: emitters, CO2 & carbon value

6 tracked facilities, ≈13,241,918 t CO2/yr combined — here are the largest, what that CO2 is worth at current prices, and the sector's reduction pathway. Full sector pathway: decarbonizing oil refining.

The numbers

Oil refining in Thailand at a glance

Metric	Value	Note
Facilities tracked	6	with CO2 estimates
Total est. CO2	13,241,918 t/yr	Climate TRACE 2023
Average per facility	2,206,986 t/yr
Gross value (full price)	€1,059M/yr	all tracked CO2 × €80.01/t EUA — before free allocation / EU-bound share

No carbon-pricing instrument is tracked for this country on this hub — exporters of CBAM goods to the EU still pay the border price with no domestic deduction.

Largest emitters

Top 6 oil refining CO2 emitters in Thailand

#	Facility	Owner	t CO2/yr (est. 2023)	Indicative value
1	PTT Rayong Refinery	PTT Group	3,517,088	€281.4M
2	Thai Oil Company Sriracha Refinery	PTT Group	2,693,462	€215.5M
3	IRPC Refinery and Petrochemical Complex Refinery	—	2,105,797	€168.5M
4	Star Petroleum Map Ta Phut Refinery	Chevron Corp	1,714,021	€137.1M
5	Bangchak Sriracha Refinery	Bangchak Sriracha PCL	1,704,227	€136.4M
6	Bangchak Phra Khanong Refinery	Bangchak Sriracha PCL	1,507,323	€120.6M

Climate TRACE satellite estimates via IndustryAtlas — modelled, not verified; some entries aggregate clusters. Corrections welcome.

⬇ This table (CSV)🖨 PDF for management

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Same industry, other countries

Oil refining in United States

186,505,868 t CO2/yr

Oil refining in China

128,888,870 t CO2/yr

Oil refining in India

70,283,893 t CO2/yr

Oil refining in Russian Federation

59,137,040 t CO2/yr

Oil refining in South Korea

32,445,787 t CO2/yr

Other industries in Thailand

Oil & gas production in Thailand

26,275,069 t CO2/yr

Cement in Thailand

23,598,355 t CO2/yr

Iron & steel in Thailand

2,069,237 t CO2/yr

FAQ

Questions

How many oil refining facilities does Thailand have with tracked emissions?

6 facilities carry satellite-based CO2 estimates in our dataset (Climate TRACE 2023), totalling ≈13,241,918 t CO2/yr.

What is the largest oil refining emitter in Thailand?

PTT Rayong Refinery — ≈3,517,088 t CO2/yr (est. 2023). Estimates are modelled, not verified declarations.

What would this CO2 cost at the EU price?

The gross full-price value is ≈€1,059M/yr (all tracked CO2 × €80.01/t EUA). Actual EU ETS cost is lower — free allocation still covers most industrial emissions, phasing out 2026→2034.

How this page is built: heat-loss figures follow ASTM C680 / ISO 12241 (the method behind our public calculators); facility emissions from Climate TRACE & EU ETS verified data across 30,000+ industrial sites; the 2026–2034 schedule is Regulation (EU) 2023/956, not a forecast. Published by Inzonex Research. Spotted an error? Tell us — we correct on evidence.