Petron prepares for expansion of Bataan refinery
Source：inquirer.net
From：Taiwan Trade Center, Manila
Update Time：2019/01/10
Petron Corp. is in talks with contractors for its planned refinery expansion and petrochemical plant project in Bataan. Currently, its existing refinery is operating at near full capacity.
Petron general manager Lubin B. Nepumoceno announced in a briefing, “We are talking to service providers for our CCRU (continuous catalytic reforming unit) project.”
Nepumoceno added that, along with additional refining capacity, the project would allow the oil giant to produce fuel combinations. Mostly petrochemicals such as mixed xylene, toluene and benzene.
“No firm number yet until approved by (Petron’s) top management”, said a company official when asked how much the new equipment would be rated in terms of producing petrochemicals.
“We still need to work out the production capacity, we are going through basic engineering design,” he added.
In its public financial report released last week, Petron reported a record quarterly consolidated net income of P5.8 billion for the first quarter, up by 4 percent year-on-year thanks to “stable and improved operating efficiencies at its refinery in Bataan.”
Petron explained, the Bataan facility was operating at record 99 percent of its refining capacity of 180,000 barrels daily, during that quarter.
In September 2017, Petron president Ramon S. Ang said the company prefers an expansion of its refinery complex in Bataan since it would be quicker to implement and would be less costly than building a new one outside of Luzon. He said the additional capacity could be as much as 120,000 barrels per day totaling the production capacity to 300,000 barrels daily.
Source：https://business.inquirer.net/250893/petron-prepares-expansion-bataan-refinery