UOP LLC, a Honeywell company, has announced that it is to assist PT Pertamina (Persero) in the development of a modernisation plan for its refineries.
UOP is to develop a recommendation, called a ‘bankable feasibility study’ for the modernisation of Pertamina’s five largest refineries.
"Our company has specialised in the design and modernisation of refineries around the world for nearly 100 years, working to derive the maximum value from every drop of oil", said Rajeev Gautam, President and CEO of UOP. "We have worked with Pertamina for more than four decades, and have recently established an office in Jakarta to expand our presence in Indonesia and better serve Pertamina and the region".
Karen Agustiawan, President and Director of PT Pertamina, said, "Pertamina recognises the need to modernise its refining infrastructure to meet the rising demand for energy and petrochemical products in Indonesia, while strengthening national oil security and reducing our nation’s reliance on industry".
Agustiawan said that the company is evaluating plans for a centralised terminal for crude imports as well as upgrading the company’s five main refineries to allow them to process heavier, lower quality crude.
The refineries to be studied are Balikpapan, East Kalimantan; Cilacap, Central Java; Dumai, Riau; Plaju, South Sumatra; Balnogan, West Java. The company also operates a sixth, smaller refinery in West Papau.
The modernisation project will in part be funded by an US$ 1.07 million grant from the US Trade and Development Agency (USTDA).
Adapted from a press release by Emma McAleavey.
Read the article online at: https://www.hydrocarbonengineering.com/gas-processing/09102013/uop_modernisation_plan_for_indonesian_refineries731/