Chevron Thailand to invest $200M in new stations Chevron Thailand to invest $200M in new stations
Under the Caltex Growth Project, some 100 new petrol stations will be opened in Thailand by 2021.
Last update:
December 10, 2020
Chevron Thailand will invest US$200 million in capital spending to expand and improve its fuel retail business from 2019 to 2021 despite the difficult economic context.
The Caltex Growth Project is projected to develop 100 new petrol stations in Thailand and the refurbishing of other sites to show the new colours of Caltex.
The new stations will be equipped with a digital system under the company s Smart Design Pump as well as other convenience elements.
Chevron allots $200m for expansion plan
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Budget covers 100 new petrol stations
published : 10 Dec 2020 at 07:21 Caltex petrol stations are given a new look under Caltex Growth Project.
Chevron Thailand, a major oil retailer operating under the Caltex brand, allocated US$200 million in capital spending to expand its businesses from 2019 to 2021 despite lower demand for oil fuel caused by the pandemic.
Country chairwoman and general manager Alice Potter said on Wednesday part of the three-year budget, the highest value in a decade under the Caltex Growth Project, will be used to develop 100 new petrol stations nationwide and give existing ones a facelift.