Milestone
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21 May 1991
The Fuel Pipeline Transportation Limited (FPT) was found on 21 May 1991 by the cabinet resolution subjected mainly to reduce the number of road and rail fuel transportation vehicles transiting on Bangkok Metropolitan and vicinity areas.
28 June 1991
According to the resolution of the cabinet, The Thai Airways International Public Company Limited acts as the pivotal joint ventures to establish the company named “Fuel Pipeline Transportation Limited (FPT)”.
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24 February 1992
To construct the pipeline system route Bangchak-Donmuang-Bang Pa-In, the company was sign the loan agreement with bank and financial institutions.
21 September 1992
Fuel Pipeline Transportation Limited (FPT) conducts the foundation stone laying ceremony at head office.
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9 February 1993
Fuel Pipeline Transportation Limited (FPT) signed the construction agreement with Index international group company limited and pencol engineering consultant company limited to construct the Bang Pa-In and Chaing Rak Noi depot
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5 January 1994
The first day of operate by transport aviation fuel from main supplies sources, which are Bangchak refinery, Shell Depot and Chevron Depot at Chongnonsi to Donmuang Depot.
30 March 1994
The first day of operate the ground products via FPT pipeline system to Bang Pa-In depot
19 May 1994
The first day of ground product road loading operation to tank tuck at Bang Pa-In depot
19 May 1994
Her Royal Highness Princess Maha Chakri Sirindhorn presided over the grand opening ceremony of Fuel Pipeline Transportation Limited.
21 May 1994
Fuel Pipeline Transportation Limited (FPT) has been received the investment privileges offered by Board of Investment (BOI) on category 6.18 with patent no. 1079/2535
7 October 1994
The first day of ground product rail loading operation at Chaing Rak Noi Depot
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2 July 1997
Due to Thai government policy devalue the Baht and started operating a managed float for the Baht exchange rate, the exchange rate went up from 25 baht per USD to 45 baht per USD in 1997. As the result, Fuel Pipeline Transportation Limited also impact on this policy. The company liabilities increase from 2,139 Million Baht to 4,083 Million Baht.
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3 March 1999
Fuel Pipeline Transportation Limited (FPT) responsed to the financial crisis impact on the managed float of Thai baht by being the first company in Thailand to restructure its loan with creditor groups. The ceremony of first restructure loan held at Bank of Thailand (BOT). The company liabilities decreased from 4,083 Million Baht to 3,217 Million Baht.
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30 June 2000
The second restructure loan was implement on 30 June 2000. The company liabilities decreased from 3,217 Million Baht to 3,129 Million Baht.
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28 March 2002
The second restructure loan was implement on 30 June 2000. The company liabilities decreased from 3,129 Million Baht to 3,114 Million Baht.
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6 March 2006
The first day of operate by transport aviation fuel from main supplies sources that are Bangchak refinery, Shell Depot and Chevron Depot at Chongnonsi via pipeline system of JP-One Asset Co., Ltd., which connected to the pipeline system of FPT at Makasan off-take Station.
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8 October 2010
Fuel Pipeline Transportation Limited (FPT) was received the quality management system ISO 9001:2008 certificate from Bureau Veritas (Thailand) Ltd.
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22 July 2011
Fuel Pipeline Transportation Limited (FPT) had been operated for 20 years. The 20 year anniversary ceremony was held at head offices.
2 November 2011
Bangkok Aviation Fuel Service Public Company Limited (BAFS) take over FPT with the number of issued shares holder 95 %. FPT become the subsidiary of BAFS
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10 February 2012
Due to Bangkok Aviation Fuel Service Public Company Limited (BAFS) ask for the Central Bankruptcy Court to rehabilitation of Fuel Pipeline Transportation Limited (FPT). The Central Bankruptcy Court approved for the rehabilitation.
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15 July 2013
Fuel Pipeline Transportation Limited (FPT) had proceeded according to the rehabilitation plan and had fully accomplished the terms and conditions for the success of the rehabilitation. FPT has recovered from insolvent condition and has sufficient liquidity for future operation. The Central Bankruptcy Court ordered the termination of the rehabilitation of FPT. The company liabilities remain only 813 million baht.