The Board of Director's Meeting of BBGI Public Company Limited held on 30 August 2022, has passed the resolution to approve the establishment of joint venture company with Bangchak Corporation Public Company Limited (major shareholder of the Company). To engage in the business of securing raw materials and production together with distribution of sustainable aviation fuel (SAF) from used oil. This not only aligns with Bangchak Group's target of reducing greenhouse gas emissions, but also supports the public policy under the Bio, Circular, Green (BCG) Economic Model.

The joint venture integrates strengths, expertise, and competitiveness capacity-building in applicable business supply chains and to increase the potential of being a leader in the future energy in response to climate change. Therefore, the Company has negotiated with a business partner, Thanachok Oil Light Company Limited, and together reached the following conclusion for the formation: Company Name: BSGF Company Limited. Objectives: To engage in the business of securing raw materials and production together with distribution of sustainable aviation fuel (SAF) from used oil BSGF Company Limited is planned to be completed its registration within the 3rd quarter of the year 2022.